The Central Bank of Egypt (CBE) has acknowledged fintech's potential for the overall growth of the nation's digital economy in line with Vision 2030 and to position it as the FSI leader in the MENA and Africa regions. With its Fintech & Innovation Strategy, which further strives to boost the industry with a supporting structure, CBE's profound development work's cornerstone emerged in 2019. Not to mention the 44 million Egyptians without banks and other favourable regulatory conditions that are fostering the rise of the fintech industry. With Egypt's median age of 24.7 years as the icing on top, fintech investments reached an all-time high of $167 million in the first half of 2022.