Financial Inclusion is the responsible and sustainable delivery of financial services at affordable costs to disadvantaged and low-income segments of the society. An estimated 2 billion working-age adults globally have no access to financial services delivered by regulated financial institutions; and more than 200 million formal and informal micro, small, and medium-sized (MSMEs) enterprises in emerging economies lack adequate financing to thrive and grow. According to the World Bank, only 14% of Egyptian adults have access to formal financial institutions.
With a vision of being the Leading Financial-Inclusion Enabler in emerging markets, AMAN envisions an ultimate cashless society with full financial inclusion, previously unattainable to the masses, pledging a better quality of life and empowerment to people through relevant, convenient, facilitated and available financial services with reduced monetary, effort, and time costs.
Aman Financial Services, affiliated to Raya Holding for Financial Investments, has signed a protocol of cooperation with the National Bank of Egypt (NBE) to deploy 25,000 point of sale (POS) terminals. The cooperation comes as part of the Central Bank of Egypt (CBE) initiative to stimulate e-payments in Egypt, rather than cash exchanges. This is […]