Thndr Claps » EGY Claps » Tech 📲 » E-Finance’s “Khales” Registered as Insurance Premium Collector by the FRA®
Khales, E-Finance’s (EFIH) digital payments subsidiary, has received the FRA’s approval to be registered as an electronic collection company for insurance premiums.
More Details🧐 Khales will be responsible for collecting insurance premiums for the state’s “Haya Karima” initiative, which belongs to Misr Insurance.
Why is this Important🤔 Khales has over 300k POS machines across Egypt.
This move is E-Finance’s first step towards digitizing the insurance sector, & part of Khales’ strategy to digitize non-banking financial services (NBFS) as a whole.
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