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.
