Egypt Launches Its First Neobank to Boost Financial Inclusion
12:01 20.08.2025 (Updated: 12:04 20.08.2025)
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Egypt Launches Its First Neobank to Boost Financial Inclusion
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.
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