News

Egypt Witnesses Surge in Digital Banking Services

By Sama Marwan,

Digital banking services are rapidly growing in Egypt, with more citizens turning to online banking platforms for financial transactions.

Banks across the country are upgrading their systems to accommodate the increasing demand for mobile and online services.

This shift has been accelerated by the government’s push for a cashless society, especially after the COVID-19 pandemic underscored the need for digital solutions.

The Central Bank of Egypt has been actively promoting fintech initiatives and has introduced new regulations to facilitate the growth of digital payment methods.

The move is expected to improve financial inclusion and make banking more accessible to people in rural areas.

Related Articles

Back to top button