Egypt is about to host its first Financial Technology Conference on Tuesday under the theme of “Seamless North Africa” in order to boost Egypt’s digital economy, according to a statement made on Friday by Central Bank of Egypt (CBE).

The two-day conference is organized by the CBE, the Council of Arab Economic Unity, the League of Arab States, and the Arab Federation of e-commerce.

The conference will be held under the President Abdel-Fattah El-Sisi and will be attended by a number of officials including CBE governor Tarek Amer, ministers, banking sector leaders, top state officials, and 500 local and international experts and representatives of companies in the field of financial technology.

The conference aims to establish an integrated financial technology economic system by allowing global companies to launch their latest innovative solutions in Egypt. In addition, there will also be a competition which will include local and international startups to promote innovative ideas that could help Egypt’s FinTech Industry. Winners will receive a cash prize of over EGP 250,000, in addition to a free invitation to the next ‘Seamless’ conference in Dubai.

“Hosting this conference in Egypt delivers an important and direct message about the unique opportunities available for this growing industry in the promising Egyptian market. The FinTech conference represents the starting point towards growing usage of Fintech applications in Egypt led by the Central Bank of Egypt,” Amer said in the statement.

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