#MDI in the Media

The Central Bank of Egypt “CBE” has granted Misr Digital Innovation “MDI” preliminary approval to launch the first digital bank. MDI unveiled the name of the digital bank, "onebank," for the first time. Confirming in a press statement that onebank is the first digital bank in Egypt to secure preliminary approval from the CBE. This signifies the completion of the initial phase, involving a due diligence of the infrastructure, banking systems, and cybersecurity protocols to ensure their capacity and capabilities to provide stable and secure services to the customers.

Banque Misr subsidiary Misr Digital Innovation (MDI) on Thursday submitted an official application for a digital banking license to the Central Bank of Egypt (CBE), becoming the first local company to do so, it said in a statement Thursday. The company expects to launch the digital bank “within months” should it receive approval from the central bank, it said. We expect it to go live sometime in early 2024.

Misr Digital Innovation (MDI), a subsidiary of Banque Misr, has marked a Memorandum of Understanding (MoU) with Dell Technologies to explore ways MDI can improve its technology capabilities to improve customer experience. The talks with Dell Technologies aim to allow MDI to adopt cutting-edge, dependable, secure, and adaptive solutions that would power Egypt’s digital connectivity and infrastructure.

Misr Digital Innovation (MDI) today signed a seven-year strategic partnership with global technology leader Mastercard, to provide Egyptians with an easy, smooth, and secure banking experience.

Misr Digital Innovation (MDI) today announced its collaboration with Masria Digital Payments (MDP), the leading cards manufacturer in Africa and the Middle East. MDP will offer a complete card ecosystem to MDI, starting from the card design and choosing payment schemes up to packaging, sorting, and production material...

In an unprecedented market collaboration, Misr Digital Innovation, today announced its alliance with Visa, the world’s leader in digital payments, to provide core and digital solutions support to the first digital lifestyle bank in Egypt...

Atos has been selected by Banque Misr, one of the largest banks in Egypt, to support its transformational journey to become the country’s first digital bank. Atos will deliver a trusted digital banking experience to customers, supporting the ambition of Banque Misr to appeal to a broad demographic, while enhancing its suite of international transactions services.