Banque Misr to Unveil Egypt’s First Fully Online Bank, onebank, in 2026
Egypt’s financial landscape is on the cusp of a major digital transformation as Banque Misr, a leading state-owned bank, prepares to launch the country’s first fully digital-native bank. Its fintech subsidiary, Misr Digital Innovation (MDI), has officially secured the final approval from the Central Bank of Egypt (CBE) to rebrand and operate as “onebank.” This landmark development, confirmed on August 17, 2025, marks a significant stride in Egypt’s ambitious push for comprehensive financial digitization, positioning onebank to commence public operations by 2026.
The Path to a Branchless Future
The approval granted by the Central Bank of Egypt paves the way for onebank to revolutionize traditional banking in the North African nation. Set to launch next year, onebank will operate entirely through online and mobile platforms, completely bypassing the conventional brick-and-mortar branch model that has long characterized banking across the region. This innovative approach reflects Banque Misr’s strategic commitment to its digital transformation journey, leveraging its subsidiary, MDI, to lead this change. The move is expected to enhance financial inclusion and accessibility for a wider segment of the Egyptian population, bringing modern, convenient banking services directly to consumers’ fingertips.
The establishment of onebank represents a pivotal moment not just for Egypt, but also for the broader African tech and financial sector. As the continent continues its rapid adoption of digital solutions, onebank’s entirely online model serves as a pioneering example of how established financial institutions can adapt and innovate to meet evolving customer needs and regulatory ambitions for a digital economy. This initiative underlines a strong push towards making banking more seamless, efficient, and integrated into daily digital life, setting a new standard for fintech innovation in the country.
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