Visa Everywhere Initiative 2022 invites fintechs and payments startups for the first time in Egypt to showcase their solutions on a global stage

Visa Everywhere Initiative 2022 invites fintechs and payments startups for the first time in Egypt to showcase their solutions on a global stage

Cairo, Egypt, XX, February 2022: (VEI), a global open innovation program, powered by FinTech Egypt - an initiative by CBE-, is inviting FinTech and payments startups in Egypt to showcase their innovative products and solutions, with finalists gaining firsthand exposure to key Fintech stakeholders across banking, merchant, VC and government sectors. Winners of the competition will be awarded monetary prizes and the opportunity to partner with a global, trusted brand like Visa. Breakdown of total Egypt VEI prize money: • 1st place: 500,000 EGP • 2nd place: 350,000 EGP • 3rd place: 250,000 EGP The deadline for Egyptian participants is March 20, and VEI finale for Egypt will be held on May 12, with the winner – in addition to receiving prize money – having a guaranteed spot at the Central and Eastern Europe, Middle East and Africa (CEMEA) regional finals on June 8 to compete for a total of $45,000 (approximately 700,000 EGP). The CEMEA regional winner will then move on to the global finale in Qatar in November 2022 where up to $170,000 (approximately 2,700,000 EGP) in total prize money will be awarded. “FinTech and other payments innovators are transforming the way consumers and businesses make payments, making