Mastercard and the National Bank of Egypt (NBE) have signed an agreement to introduce AI- powered digital employees to manage non-financial customer interactions and provide superior digital services virtually. Yehia Abou ElFotouh, Deputy Chairman of the National Bank of Egypt, said, “In a groundbreaking move, the National Bank of Egypt leverages its extensive expertise in…
Misr Digital Innovation, a subsidiary of Banque Misr, has received preliminary approval from the Central Bank of Egypt to launch the country’s first native digital bank, onebank. Digital banks are influenced by the recent technological innovations of artificial intelligence, encryption and big data analytics, enhancing banking functions for customers. onebank will provide customers with fully…
Sahl, an Egyptian fintech based in the capital, Cairo, has secured $6 million in Series A and seed funding led by Ayady for Investment and Development, joining existing investors Egypt Pay, Delta Electronic Systems, and E-Finance. Since its founding in 2020, Sahl has emerged as a significant player in the Egyptian fintech sector, serving over…
Banknbox Egypt, a leading digital services and payment technology provider, has announced strategic partnerships with banks and fintech firms in eight countries during the first half of 2024. This expansion aims to solidify Banknbox’s position as a regional hub for financial and banking services, leveraging Egypt’s growing fintech sector. With support from the Central Bank…