In accordance with the Central Bank of Egypt’s financial inclusion plan, which aims to provide citizens with more accessible digital financial services, Dot announced that it obtained the Payment Systems and Services Sector of the Central Bank’s initial approval to launch its own application and payment cards through its brand Klivvr, in partnership with the Arab African International Bank.
Eng. Onsi Sawiris, Chairman of the Board of Directors of Orascom Financial Holding, the majority shareholder of Dot stated, “We are proud to take part in the state’s financial inclusion initiative, led by President Abdel Fattah El-Sisi, Prime Minister Dr. Mustafa Madbouly, and the Governor of the Central Bank, Mr. Tarek Amer. We share the state’s interest in helping Egyptian citizens become more financially literate and independent and were encouraged to enter the sector to lend the initiative support, given our knowledge of the size of the market and the budding potential of Egypt’s technology and FinTech sectors. Eng. Onsi Sawiris concluded his speech by thanking the Central Bank and its leaders for their constant support and keenness in facilitating all the necessary procedures to launch advanced services to the public, aiming to develop the relevant sectors and empower Egypt as a regional and global financial center.
Eng. Mohamed Aboulnaga, Co-founder and CEO of Dot, said, ” We are working hard with the Central Bank, AAIB, and our partners to offer different solutions that meet the needs of all segments of society, particularly the youth, in order to provide methods and tools that aim to promote financial inclusion for all segments of society through the launch of Klivvr.
Aboulnaga added, ” I would like to thank the Central Bank, AAIB, investors, Orascom Financial Holding, Excel, and the company’s management team for all their support in facilitating the process of obtaining a license to issue payment cards and to launch the application to the public.
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