{"id":569762,"date":"2025-08-22T09:50:51","date_gmt":"2025-08-22T08:50:51","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=569762"},"modified":"2025-08-22T09:50:51","modified_gmt":"2025-08-22T08:50:51","slug":"cbe-approves-onebank-egypts-digital-only-bank","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/cbe-approves-onebank-egypts-digital-only-bank\/","title":{"rendered":"CBE approves onebank, Egypt\u2019s digital-only bank"},"content":{"rendered":"<p data-start=\"254\" data-end=\"692\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-569763 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/08\/1755432734500.jpg\" alt=\"Misr\" width=\"200\" height=\"200\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/08\/1755432734500.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/08\/1755432734500-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/08\/1755432734500-100x100.jpg 100w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p data-start=\"254\" data-end=\"692\"><a href=\"https:\/\/www.mdi.com.eg\/\">Misr<\/a> Digital Innovation has received formal approval from the Central Bank of Egypt (CBE) to transition into <a href=\"https:\/\/www.mdi.com.eg\/pages\/about.php\">onebank<\/a>, marking the launch of the country\u2019s first fully digital bank. This milestone represents a defining moment for Egypt\u2019s financial sector, reinforcing national efforts to advance digital transformation, extend financial inclusion, and position Egypt as a regional leader in banking innovation.<\/p>\n<p data-start=\"694\" data-end=\"1149\">Founded in 2020 with the full support and investment of Banque Misr, Misr Digital Innovation was established with a clear mandate: to build a next-generation digital economy underpinned by inclusive financial services. Its transformation into onebank reflects this vision, enabling customers to access secure, intuitive, and technology-driven banking services exclusively through digital channels\u2014without reliance on traditional branch infrastructure.<\/p>\n<p data-start=\"1151\" data-end=\"1618\">The new platform is designed to meet the evolving expectations of Egypt\u2019s digitally savvy population, while simultaneously extending financial access to underserved and unbanked communities. By embedding financial inclusion at the core of its operating model, onebank aligns closely with Egypt\u2019s national digital economy agenda. The rollout of products and services, scheduled for 2026, will mark a new chapter in the modernisation of Egypt\u2019s financial landscape.<\/p>\n<p data-start=\"1620\" data-end=\"2036\">To strengthen its governance and leadership, Khaled El Attar has been appointed Chairperson of onebank, supported by a diverse board of directors with global expertise spanning technology, law, investment, public policy, and innovation. This collective leadership will guide the bank\u2019s mission to accelerate Egypt\u2019s digital transformation journey and raise the benchmark for customer-centric financial solutions.<\/p>\n<p data-start=\"2038\" data-end=\"2362\"><strong>Khaled El Attar, Chairperson of onebank<\/strong>, said, \u201cThis is a new beginning in Egypt\u2019s financial history and a pivotal step in embedding digital transformation into the national economy. Our mission is clear: to deliver smarter, more inclusive, and seamless banking services that are accessible to every Egyptian citizen.\u201d<\/p>\n<p data-start=\"2364\" data-end=\"2859\"><strong>Sherif El-Behiry, CEO and Managing Director,<\/strong> said, \u201cWe are not just introducing a new digital bank; we are redefining the future of banking in Egypt. Our board brings a wealth of experience and strategic vision that empowers us to deliver innovative financial solutions aligned with the evolving aspirations of Egyptian consumers. Together, we are committed to positioning onebank at the forefront of the financial sector and raising the benchmark for banking excellence across the region.\u201d<\/p>\n<p data-start=\"2861\" data-end=\"3098\">\n","protected":false},"author":35851,"featured_media":569763,"parent":0,"template":"","categories":[11395,11381,41695,41779,11382,11368,11376,42764,11379,35279,41795,11378,11384,11397],"tags":[12849,11668,11649,12004,11438,11409,12472,11769,11549,11515,11418],"class_list":["post-569762","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-artificial-intelligence","category-banking-as-a-service-baas","category-banktech","category-cloud","category-core-banking","category-digital-banking","category-digital-payments","category-lending","category-loans","category-mobile-banking","category-open-banking","category-payments","category-saas","tag-africa","tag-cross-border-payments","tag-digital-banking","tag-digital-lending","tag-digital-payments","tag-digital-transformation","tag-financial-inclusion","tag-financial-institutions","tag-financial-services","tag-fintech","tag-instant-payments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBE approves onebank, Egypt\u2019s digital-only bank - IBS Intelligence<\/title>\n<meta name=\"description\" content=\"Misr Digital Innovation has received formal approval from the CBE to transition into onebank, marking the launch a fully digital bank\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/cbe-approves-onebank-egypts-digital-only-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE approves onebank, Egypt\u2019s digital-only bank\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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