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Egypt to launch its first digital bank by Q4 2024

News | Online & Mobile Banking | 03 Sep 2024

Egypt has announced its plan to launch its first digital bank by Q4 2024 following CBE’s approval, prioritising growth and financial inclusion.  

product launch, financial inclusion, banks, banking

CBE allows banks to open accounts for foreign nationals

News | Payments General | 13 Aug 2024

The Central Bank of Egypt has released a new periodic bulletin confirming the allowance for banks to open accounts for foreign nationals, including those who do not reside in Egypt.

banks, regulation, compliance, AML, financial crime

Central Bank of the UAE and Central Bank of Egypt join forces 

News | Payments General | 02 Oct 2023

The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have entered into a Bilateral Currency Swap Agreement between the UAE Dirham and the Egyptian Pound. 

partnership, banking, financial services, financial institutions

Central Bank of Egypt regulates payment tokenisation

News | Online & Mobile Banking | 17 Mar 2023

The Central Bank of Egypt (CBE) has released regulations on payment tokenisation; once approved this will allow contactless payments through mobile apps.

central bank, tokenization, contactless payments, payment methods

Egypt's central bank approves rules governing payment card service codes

News | Payments General | 13 Mar 2023

The Central bank of Egypt (CBE) has approved the rules for payment card service codes, allowing contactless transactions via mobile apps within the framework of the NPC.

central bank, AML, CFT, contactless payments, regulation