• Misr Digital Innovation gains CBE approval to transition into onebank, Egypt’s first fully digital bank set to launch in 2026.
• onebank aims to expand financial inclusion by offering secure, branchless, tech-driven services, targeting underserved and unbanked communities nationwide.
• Backed by Banque Misr, onebank’s leadership and expert board will drive Egypt’s digital transformation and modern banking innovation strategy.

onebank 

Misr Digital Innovation received approval from the Central Bank of Egypt (CBE) to transition into onebank. This will be Egypt’s first fully digital bank delivering all its services exclusively through digital channels. Additionally, the bank intends to roll out its products and services in 2026.

This step supports Egypt’s advancing national digital transformation, expands financial inclusion, and fosters digital banking innovation.

Digital Bank

Founded in 2020 with full funding and backing from Banque Misr, Misr Digital Innovation’ was formed as the company responsible for launching the first digital native bank in Egypt. Its transformation into onebank reflects a step forward in a strategy to build a modern digital economy.

It aims to offer secure, user-friendly, and technology-driven banking services accessible anytime and anywhere without physical branches. Moreover, with these accessible services it aims to reach underserved segments and unbanked populations. This is in alignment with Egypt’s national digital economy agenda.

Sherif El-Behiry, CEO and Managing Director, said: “We are not just introducing a new digital bank; we are redefining the future of banking in Egypt. Our board brings a wealth of experience and strategic vision that empowers us to deliver innovative financial solutions aligned with the evolving aspirations of Egyptian consumers.” 

To reinforce this transformation, Khaled El Attar has been appointed Chairperson, supported by a board of directors. The board includes experts in technology, law, investment, public policy, and innovation. Furthermore, according to the bank, the diverse expertise aims to support onebank’s mission to expand financial inclusion and accelerate Egypt’s digital transformation.

Khaled El Attar, Chairperson of onebank said,  “onebank is a new beginning in Egypt’s financial history and a pivotal step in embedding digital transformation into the national economy. Our mission is clear: to deliver smarter, more inclusive, and seamless banking services that are accessible to every Egyptian citizen.”