The Central Bank of Egypt has approved Misr Digital Innovation (MDI) to transform into “Onebank,” the country’s first digital-only bank.
Starting in 2026, the bank:
will provide a full range of online banking services exclusively through digital channels and platforms without any physical branches;
will target remote areas and populations excluded from the traditional banking system,
aims to expand access to financial services in a country where, according to the World Bank, more than 60% of adults are unbanked.
Sourced from: https://en.sputniknews.africa/20250820/1077231782.html