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Misr Digital Innovation approved to become Egypt’s first digital bank

Businessmen Team news 17 August 2025 10:33 PM
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Misr Digital Innovation approved to become Egypt’s first digital bank

Misr Digital Innovation has received approval from the Central Bank of Egypt to officially transform into a fully-fledged digital bank under the name OneBank.

OneBank will become the first bank of its kind in Egypt to deliver services exclusively through digital channels and platforms.

The new bank is preparing to officially launch its services and products next year, in a move aimed at enhancing financial inclusion and supporting the national strategy for the growth of the digital economy.

Misr Digital Innovation was established in 2020 as a financial technology company in the Egyptian market, fully funded by Banque Misr as the main shareholder.