Banque Misr Will Open Its First Digital Bank in 2024

According to its chairman, Mohamed El-Etreby, Banque Misr, the second-largest state lender in Egypt, plans to launch its first digital bank in the country in the first quarter of 2024. Misr Digital Innovation (MDI), a division of Banque Misr, declared last month that it has submitted a formal application to the Central Bank of Egypt […]

Fintech’s OPay to Apply for License to Establish Digital Bank in Egypt

Leading and rapidly growing provider of financial technology and electronic payments solutions, OPay, just announced its intention to apply for a license to establish a digital bank in Egypt with a capital of $60 million, according to the rules for licensing and registration of digital banks, and control and supervision recently issued by the Central […]