Banque Misr to Launch Egypt’s First Fully Online Bank, ‘onebank,’ in 2026
Banque Misr, one of Egypt’s leading state-owned banks, is spearheading a significant shift toward digital banking with the upcoming launch of onebank. This groundbreaking initiative, spearheaded by Banque Misr’s fintech subsidiary, Misr Digital Innovation (MDI), received final approval from the Central Bank of Egypt on August 17, 2025, paving the way for the nation’s first fully digital bank to begin operations in 2026. This move underscores Egypt’s commitment to financial digitization and offers a glimpse into the future of banking in the African continent.
A New Era for Egyptian Banking
onebank represents a pivotal moment in Egypt’s banking evolution. Unlike traditional banks with physical branches, onebank will operate entirely online, providing all its services through digital and mobile platforms. This innovative approach promises greater convenience and accessibility for customers, potentially reaching a broader segment of the population, including those in underserved areas. The Central Bank of Egypt’s approval signifies a clear endorsement of this digital transformation and a commitment to embracing fintech solutions to modernize the financial landscape. The launch in 2026 will undoubtedly influence other African nations, especially those aiming to leapfrog traditional banking models.
The introduction of onebank positions Banque Misr at the forefront of financial innovation in Egypt. This bold step towards fully online banking is poised to redefine the customer experience, promoting efficiency and expanding financial inclusion across the nation and potentially influencing the direction of financial technology across the continent.
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