Banque Misr’s Misr Digital Innovation has received the green light from the Central Bank of Egypt (CBE) to transition into onebank, marking the establishment of the country’s first fully digital bank.

The launch of onebank’s products and services is anticipated in 2026.

The bank will deliver all services exclusively through digital channels, reported Daily News Egypt.

Misr Digital Innovation managing director and CEO Sherif El-Behiry 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.

“Together, we are committed to positioning onebank at the forefront of the financial sector and raising the benchmark for banking excellence across the region.” 

Founded in 2020 with full funding and backing from Banque Misr, Misr Digital Innovation’s transformation into onebank reflects a clear strategy to build a modern digital economy.

The bank plans to provide secure, user-friendly, and technology-driven banking services that are accessible at any time and from any location, without the need for physical branches. 

To lead this transformation, Khaled El Attar has been appointed chairperson, supported by a board of directors comprising prominent figures in technology, law, investment, public policy, and innovation. 

El Attar described onebank as “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.”