Banking, Payment Services and Financial Technology
Hosny & Partners provides specialized legal and regulatory services in the fields of banking activities, payment services and financial technology.
These services include, in particular
- Establishing, structuring and licensing electronic payment companies and payment service providers in accordance with the applicable legislative and regulatory frameworks.
- Establishing and licensing financial technology (FinTech) companies, and preparing the legal and regulatory structures they need to carry out their activities.
- Providing legal support for, and supervising, the procedures for obtaining the licenses and regulatory approvals issued by the Central Bank of Egypt and the competent authorities.
- Preparing and implementing compliance, governance and regulatory risk management programs for companies operating in the financial sector.
- Regularizing the status of existing companies and ensuring their compliance with new legal and regulatory requirements.
- Preparing and reviewing the documents, agreements and internal regulations required for licensing, operation and ongoing compliance.
- Providing legal advice on digital financial services, payment systems and emerging financial technologies.
Our Services
- Capital Market
- Non-Banking Financial Activities
- Banking, Payment Services and Financial Technology
- Insurance and Reinsurance
- Corporate and Investment
- Competition Protection and Economic Concentrations
- Consumer Protection and Consumer Dispute Resolution
- Small, Medium and Micro Enterprises
- Intellectual Property and Trademarks
- Contracts, Internal Regulations and Corporate Systems
- Litigation and Arbitration in Economic Disputes
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FAQ
Frequently asked questions
Who licenses electronic payment companies in Egypt?
The Central Bank of Egypt licenses payment service providers and payment systems under Central Bank and Banking Sector Law No. 194 of 2020, while the Financial Regulatory Authority regulates FinTech in non-banking financial activities under Law No. 5 of 2022.
What does a FinTech company need before launching its service?
It needs to identify the correct regulatory category for the service, meet the capital, information security and anti-money-laundering requirements, and obtain the right approval or licence before operating. We assist with all of this, including bank partnerships and the terms of use.
Can a service be tested before obtaining a full licence?
In some cases regulators offer regulatory sandboxes for testing innovative solutions under specific conditions. We assess whether your project is eligible and prepare the application.
What services do you provide to banks and financial institutions?
We provide regulatory advice, draft cooperation agreements with FinTech companies and service providers, review compliance and customer data protection policies, and represent clients in banking disputes.
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These answers are general information and do not replace legal advice on your specific case.
