Mastercard, GIZ Egypt, ElRehla to launch of 3rd annual fintech retreat

Updated 5/21/2023 1:43:00 PM

Arab Finance: Mastercard has partner with GIZ Egypt and ElRehla to launch the third edition of the Fintech Industry Retreat, according to an emailed press release on May 21st.

The event will be held under the patronage of the Financial Regulatory Authority (FRA) and the Central Bank of Egypt’s (CBE) FinTech Egypt.

The third annual fintech retreat will convene Egypt’s fintech community to network, collaborate, and explore topics on the development of the fintech ecosystem, trends, financial services, and technology.

“We are happy to welcome the CBE’s initiative; FinTech Egypt and the FRA as part of the event and are excited to partner with GIZ Egypt and ElRehla to contribute to the unprecedented growth of the fintech landscape in Egypt. At Mastercard, we focus on pushing boundaries with disruptive ideas and innovations,” Khalid Elgibali, Division President, MENA, Mastercard, said.

“The Retreat is an essential step towards a more connected Egyptian fintech ecosystem. Bringing together all key players under one roof will help build a mutual understanding of the challenges, opportunities, and capabilities, thus advancing the sustainable development of the industry,” Andreas Ruepp, Head of the Financial Sector Development Project at GIZ Egypt, commented.

“For the third year, ElRehla is bringing together FinTech key industry leaders, regulators, enablers, investors, start-ups, and financial institutions in one space, to generate shared understandings, build trust and reciprocity, underpin collaboration opportunities, and collective action for mutual benefits, leading systemic change and driving economic growth,” Nadine Abukhadra, Head of Growth at ElRehla, remarked.

The retreat comes as part of a year-round enablement program to bolster financial inclusion and drive economic growth in Egypt.