Egypt Introduces the Rules Governing Digital Banking Licensing

November 4, 2023
On 12 July 2023, the Central Bank of Egypt (“CBE”) issued a circular (the “Circular”) regulating the requirements for licensing and registering Digital Banks in Egypt. The rules determined under the Circular allow e...

Egypt – New Tokenization Regulations to allow contactless payments through smart phone

May 4, 2023
The Central Bank of Egypt (“CBE”) issued new regulations on 8 March 2023 to introduce “Tokenization” services and allow contactless payments through smartphones (the “Regulations”). Tokenization is a process of subs...