Misr Digital Innovation (MDI) Transforms into OneBank, Egypt's First Fully Digital Bank

Misr Digital Innovation (MDI) has officially received approval from the Central Bank of Egypt (CBE) to transition into OneBank, making it the country's inaugural fully digital bank. This strategic shift means that all banking operations and services will be offered exclusively through digital platforms, eliminating the need for traditional physical branches.

This move is considered a landmark achievement for Egypt's banking sector. By spearheading digital transformation and expanding financial inclusion, OneBank is aligning with the national strategies aimed at developing a robust digital economy.

Founded in 2020 with the full support of Banque Misr, MDI was initially established to pioneer and lead fintech innovation in the Egyptian market. The conversion to OneBank reflects a clear and focused vision to deliver secure, highly accessible, and technologically advanced financial services to a broader population.

Set to begin operations in 2026, OneBank plans to specifically target the underbanked and unbanked segments of the population. By leveraging cutting-edge technologies, the bank aims to solidify Egypt's position as a regional leader in the digital banking landscape.