Egyptian banks have started lifting restrictions on opening new accounts, especially financial inclusion accounts, starting Sunday, March 9th.

Financial inclusion in Egypt grew further in 2024, with 74.8% of eligible citizens aged 15 and above owning and actively using transaction accounts.

Fawry partnered with Banque Misr and Egyptian Banks Company for Technology Advancement (EBC) to launch a new cash in and out interoperable for e-wallets via Meeza Digital Scheme

The Central Bank of Egypt (CBE) has approved an increase in transaction limits for financial inclusion products.

Financial inclusion rates in Egypt increased by 181% during the period from December 2016 to June 2024, according to a statement by the Central Bank of Egypt (CBE).

Microfinance Services Company Reefy has signed a strategic cooperation agreement with Damen epayment to integrate microfinance services with digital payment solutions, offering comprehensive options to customers and enhancing their experience through improved accessibility.

The Central Bank of Egypt (CBE) has issued new regulations allowing low-risk customers to open financial inclusion accounts in foreign currencies, along with the Egyptian pound.

The Central Bank of Egypt announced that 71.5% of citizens are financially included and are eligible to open financial transaction accounts, up from approximately 70.7% in December 2023.

Allianz Egypt has launched its campaign, "Get Ready for the Best", on March 11th.

Egypt’s financial inclusion rate surged to 70.7% at the end of 2023, up from 64.8% in December 2022, with an overall growth rate of 174% over the period from 2016 to 2023.

The Financial Regulatory Authority (FRA) has signed a memorandum of understanding (MoU) with the United States Agency for International Development (USAID) to expand the scope of non-banking financial inclusion for women, which is implemented by Pathfinder International.

Egypt has raised EGP 7.8 trillion through its e-payment and collection system since its launch in 2019, Minister of Finance Mohamed Maait revealed on the sidelines of the 27th edition of the International Technology Exhibition and Conference for the Middle East and Africa (Cairo ICT 23).

Egypt’s financial inclusion rate among citizens increased by 5.4% during the first six months of 2023, hitting 67.3%.

The Central Bank of Egypt (CBE) doubles the maximum limits for transactions on financial inclusion accounts, prepaid cards, and mobile payment services.

Mastercard has partnered with Ingiz, an Egyptian family financial management start-up, to launch an innovative digital payments application to boost financial literacy and inclusion among youth in Egypt.

The indicators showed a 147% growth rate in financial inclusion rates during the period from 2016 to 2022, bringing total ownership of transactional accounts to 42.3 million citizens, representing 64.8% of the total 65.4 million eligible adults.

EFG Hermes Kenya has launched EFG Hermes One Kenya App, an all-new digital onboarding process for its online trading platform

MasterCard has inked a partnership agreement with Copal to launch Egypt’s first family digital payment and expenses management mobile application, according to an emailed press release on February 15th. The newly launched app aims to spread e-banking services by integrating youth into the banking system and the formal economy in a way that achieve Egypt’s financial inclusion goals.