We wouldn’t have been able to offer funding through Fawry without our regulator, the FRA, who last Wednesday allowed brokerage firms to accept deposits made at electronic points of sale (POS) & through debit cards.
More Details🧐 The FRA clarified that cash deposits must be carried out through banks that offer electronic POS such as FawryPlus, with the depositor needing to show government identification at the POS.
Why is this Important🤔 This initiative comes within the framework of achieving financial inclusion, & supporting digital transformation through the use of financial technology.
