Published 15 days ago

Egypt to Launch First Ever Digital Bank

Summary by Egyptian Streets

Misr Digital Innovation (MDI), a subsidiary of banking giant Banque Misr, has secured preliminary approval from the Central Bank of Egypt (CBE) to launch Egypt’s first digital bank: onebank. This step aims to further promote financial inclusion in Egypt, as onebank will operate entirely online, offering convenient and secure banking solutions to a wider segment of the population. Unlike traditional banks that require branch visits, this complete…

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Egypt Independent

Egypt launches its first ever digital bank - Egypt Independent

Banque Misr through its subsidiary Misr Digital Innovation has obtained a license from the Central Bank of Egypt to launch the first digital bank in Egypt, according to informed banking sources. The Egyptian Nile News Channel quoted the sources as saying that Bank Misr obtained the license on Thursday after completing the review of all procedures, inspection work, and the necessary infrastructure and systems for operation. The CEO of Misr Digita…

15 days ago·Cairo, Egypt

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