News
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 to the public in 2026, pending final regulatory approval. The bank will operate under the regulations…
