CBE grants preliminary approval for onebank digital bank launch
Misr Digital Innovation issued Preliminary regulatory approval for digital banking license affecting Central Bank of Egypt on May 1, 2024.
- Primary
- Misr Digital Innovation
- Counterparty
- Central Bank of Egypt
- Structure
- Preliminary regulatory approval for digital banking license
- Date
- May 1, 2024
- Sub-sector
- Neobank
First digital native bank approval in Egypt establishes regulatory framework and opens market for financial inclusion expansion.
Source: internationalbanker.com