e-finance for financial investments has said that it is examining the requirements and conditions for obtaining a digital bank licence. Mahmoud Hosny, head of the investment and strategic planning sector at e-finance, stated that the company is currently studying the conditions and requirements issued by the Central Bank of Egypt (CBE) for obtaining this licence. Last week, CBE issued the digital banks licensing rules. Last April, E-finance signed a memorandum of understanding (MoU) with the Saudi company “Thiqa”, which specializes in providing innovative digital transformation solutions and digital services for the public and private sectors in Saudi Arabia. It will also serve as a starting point for the E-finance group’s expansion to a number of other markets, either directly or with the help of the Public Investment Fund.
