OPay intends to apply for a license to establish a digital bank in Egypt

OPay intends to apply for a license to establish a digital bank in Egypt

- Mahmoud Khedr: We thank the Central Bank and its leaders for their unlimited support to the financial technology sector

- Mahmoud Khedr: Our sales volume in the region amounted to $50 billion last year

Cairo, Egypt – "OPay", a leading and rapidly growing provider of financial technology and electronic payments solutions, has announced its intention to apply for a license to establish a digital bank in Egypt with a capital of $60 million, according to the rules for licensing and registration of digital banks, and control and supervision recently issued by the Central Bank of Egypt.

This step is within the framework of OPay's commitment to its role in developing the Egyptian digital economy, supporting the Egyptian state's plans towards digital transformation, strengthening the principles of financial inclusion, and building a society less dependent on cash transactions, using the best, fastest and safest financial technology solutions in the Egyptian market provided by OPay, along with its experience in the field of digital transformation in the countries of the Middle East and North Africa, Nigeria and Pakistan.

"OPay" aims to enhance its services with innovation and the latest technological solutions to meet the needs of the Egyptian market, and facilitate the conduct of financial