Arab Finance: Banque Misr is participating in the Arab Day for Financial Inclusion event under the auspices of the Central Bank of Egypt (CBE), offering a range of incentives and fee waivers throughout April 2026 to support broader access to financial services, as per a press release.
The initiative aligns with Egypt Vision 2030 and aims to expand access to financial products, including savings and current accounts, payment and transfer services, insurance, and financing solutions, targeting underserved segments of society.
The bank is providing free account opening for individuals without minimum deposit requirements or stamp duty across a range of products, including standard and Islamic current and savings accounts, Al Mongez accounts, youth accounts, the Al-Momken investment saving account, and the EGP and the USD transfer accounts.
Customers can also receive a Meeza debit card free of issuance fees, along with a fee-free Meeza prepaid card. As part of the youth program, individuals aged 15 to 21 can open accounts at no cost and receive a BM debit card.
For mobile wallet users, Banque Misr is offering a 20% cashback on the first transaction through the BM Wallet, available once during the campaign period for activated wallets, subject to terms and conditions.
The offers run from April 1st to April 30th, 2026, with a focus on expanding financial access for women and youth, who represent a significant share of the population.
Banque Misr said its participation reflects its ongoing efforts to support financial inclusion initiatives launched by the CBE since 2014, including promoting financial literacy and providing services tailored to entrepreneurs and micro-enterprise owners, contributing to economic activity and improved living standards.
The CBE announced before that Egypt’s financial inclusion rate rose to 77.6% by the end of 2025.
The increase represents 54.7 million citizens aged 15 and above owning active financial accounts, out of a total 70.5 million people in that age group. This reflects a growth rate of 219% between 2016 and 2025.
It is worth noting that active accounts include bank accounts, Egypt Post accounts, mobile wallets, and prepaid cards.
