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Sports minister announces launch of activities of non-banking financial strategy

Cabinet denies launching mobile phone apps for granting financial loans

April 3, 2022
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Home Egypt Local

Cabinet denies launching mobile phone apps for granting financial loans

by Gazette Staff
April 3, 2022
in Local, Business, Egypt
Mounir Nakhla, co-founder of Egyptian fintech companies MNT and Halan is seen during an interview with Reuters in Cairo, Egypt June 22, 2021. REUTERS/Mohamed Abd El Ghany

Mounir Nakhla, co-founder of Egyptian fintech companies MNT and Halan is seen during an interview with Reuters in Cairo, Egypt June 22, 2021. REUTERS/Mohamed Abd El Ghany

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CAIRO – The cabinet media center denied reports about launching mobile phone applications for granting financial loans to citizens.

In a statement on Sunday, the center said it communicated the Ministry of Communications and IT which dismissed the news as baseless.

The ministry underlined that any application used for the purpose is fake and legal measures will be taken against theses applications.

The center urged social media to verify the authenticity of the news circulated to avoid perplexing public opinion. (MENA)

Tags: appsCabinetIT

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