The Central Bank of Egypt has approved the official transformation of “Egypt Digital Innovation” Company into “OneBank,” an Egyptian joint stock company. This makes OneBank the first digital bank in Egypt to offer its services exclusively through digital channels and platforms. The bank is scheduled to officially launch its services in 2026.
“Egypt Digital Innovation” was established in 2020 as the first entity specializing in financial technology with full support from “Banque Misr.” This step represents a milestone in the development of the Egyptian banking sector and supports digital transformation and financial inclusion at the national level.
The company’s transformation into OneBank reflects a strategic commitment to building a digital economy in Egypt and providing secure and easy-to-use banking solutions that can be accessed anytime, anywhere, without the need for traditional branches.
Source (Al Arabiya.Net Website, Edited)
