Central Bank Approves Misr Digital Innovation’s Transition to Onebank, Egypt’s First Fully Digital Bank

Central Bank Approves Misr Digital Innovation’s Transition to onebank, Egypt’s First Fully Digital Bank

The Central Bank of Egypt (CBE) approved the transformation of Misr Digital Innovation (MDI) into onebank, Egypt’s first fully digital native bank, Egypt’s State Information Service said on 17 August. This transition enables onebank to offer financial services exclusively through digital channels and platforms. MDI, founded in 2020 with Banque Misr as its main shareholder, will complete its transformation and officially launch onebank’s services…

Egypt's Central Bank Approves First Fully Digital Bank

The Central Bank of Egypt has given the green light for the country’s first fully digital bank, Onebank, a move officials say will help extend banking access to millions of unbanked citizens. The institution, expected to launch operations in 2026, will operate entirely online, with no physical branches. Backed by state-owned Banque Misr through its fintech subsidiary Misr Digital Innovation (MDI), Onebank will provide core services, from opening…

👨🏿‍🚀TechCabal Daily – Bank Misr goes digital

In partnership with Lire en Français اقرأ هذا باللغة العربية Happy mid-week. Egypt finally gets its first digital bank, “onebank,” thanks to Bank Misr. Took long enough. Fintechs have been hustling for years with wallets, payments and lending apps, but the real prize, a full digital banking licence, was locked behind walls only big players could afford. Now the state’s second-largest bank finally walks in with regulators on its side. Fair gam…

Banque Misr’s fintech arm secures final approval to launch Egypt’s first fully digital-native bank, onebank - Innovation Village | Technology, Product Reviews, Business

In a landmark move for Egypt’s financial sector, Banque Misr, one of the country’s oldest and most influential state-owned banks, is accelerating its digital transformation with the launch of onebank, Egypt’s first fully digital-native bank. The initiative is spearheaded by Banque Misr’s fintech subsidiary, Misr Digital Innovation (MDI), which has received final regulatory approval from the Central Bank of Egypt to rebrand and commence operation…

Banque Misr’s digital arm to launch Egypt’s first fully online bank in 2026

Banque Misr’s digital arm gets greenlight to launch Egypt’s first fully digital bank, onebank, set to operate entirely online by 2026.

Egypt’s First Fully Digital Bank, onebank, Approved by Central Bank - Fintechnews Middle East

Banque Misr’s subsidiary, Misr Digital Innovation, has received approval from the Central Bank of Egypt (CBE) to transition into onebank, set to become the country’s first fully digital bank. The launch of onebank’s products and services is expected in 2026, with all offerings delivered exclusively through digital channels, according to Daily News Egypt. Sherif El-Behiry, Managing Director and CEO of Misr Digital Innovation, said: Sherif El-Behi…