Sahl eyes launching digital bank in Egypt

Updated 6/18/2024 4:59:00 PM
Sahl eyes launching digital bank in Egypt

Arab Finance: Cairo-based fintech start-up Sahl is probing obtaining a license for launching a digital bank in Egypt, CEO Abdullah Assal told Asharq Business in an interview.

On May 2nd, the Central of Egypt (CBE) gave preliminary approval to Misr Digital Innovation (MDI) company to launch the first digital bank in Egypt, under the name of Onebank.

It was reported later in May that MDI invested EGP 2.5 billion in Onebank.

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