{"id":3658,"date":"2023-11-04T21:47:52","date_gmt":"2023-11-04T21:47:52","guid":{"rendered":"https:\/\/riad-riad.com\/?p=3658"},"modified":"2023-11-04T22:44:58","modified_gmt":"2023-11-04T22:44:58","slug":"egypt-introduces-the-rules-governing-digital-banking-licensing","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/","title":{"rendered":"Egypt Introduces the Rules Governing Digital Banking Licensing"},"content":{"rendered":"\n<p>On 12 July 2023, the Central Bank of Egypt (\u201c<strong>CBE<\/strong>\u201d) issued a circular (the \u201c<strong>Circular<\/strong>\u201d) regulating the requirements for licensing and registering <a href=\"https:\/\/riad-riad.com\/legal-framework-of-digital-banking-in-egypt\/\">Digital Banks in Egypt<\/a>. The rules determined under the Circular allow entities to provide banking services through digital platforms, i.e. financial technology. The Circular comes in line with the digital transformation vision adopted by the Egyptian\u2019s government on all levels.<\/p>\n\n\n\n<p>According to the Circular entities which are allowed to apply for digital bank license are the following:<\/p>\n\n\n\n<ul>\n<li>Egyptian joint stock companies.<\/li>\n\n\n\n<li>A branch of a foreign bank which head-office bears a specific nationality and is subject to the supervision of a competent supervisory authority in this country.<\/li>\n<\/ul>\n\n\n\n<p>The Circular explains, in details, the process and procedures for obtaining a license, getting CBE\u2019s approval and the timeline for the registration process of a Digital Bank.<\/p>\n\n\n\n<p>You can read more about the legal framework of digital banks in Egypt <strong><a href=\"https:\/\/riad-riad.com\/legal-framework-of-digital-banking-in-egypt\/\">here<\/a><\/strong>.<\/p>\n\n\n\n<p>For more information, please contact our partner <a href=\"https:\/\/riad-riad.com\/attorney\/dr-eman-riad\/\">Dr. Eman Riad<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 12 July 2023, the Central Bank of Egypt (\u201cCBE\u201d) issued a circular (the \u201cCircular\u201d) regulating the requirements for licensing and registering Digital Banks in Egypt. The rules determined under the Circular allow entities to provide banking services through digital platforms, i.e. financial technology. The Circular comes in line with the digital transformation vision adopted &#8230; <a title=\"Egypt Introduces the Rules Governing Digital Banking Licensing\" class=\"read-more\" href=\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\" aria-label=\"More on Egypt Introduces the Rules Governing Digital Banking Licensing\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":3586,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6],"tags":[82,253,256,298,297,262,48,293],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Egypt Introduces the Rules Governing Digital Banking Licensing - riad-riad.com<\/title>\n<meta name=\"description\" content=\"Egypt Introduces the Rules Governing Digital Banking Licensing News\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt Introduces the Rules Governing Digital Banking Licensing - riad-riad.com\" \/>\n<meta property=\"og:description\" content=\"Egypt Introduces the Rules Governing Digital Banking Licensing News\" \/>\n<meta property=\"og:url\" content=\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\" \/>\n<meta property=\"og:site_name\" content=\"riad-riad.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-04T21:47:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-04T22:44:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fatma Salah\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fatma Salah\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\"},\"author\":{\"name\":\"Fatma Salah\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/f98a705747188360783a8f6445a39047\"},\"headline\":\"Egypt Introduces the Rules Governing Digital Banking Licensing\",\"datePublished\":\"2023-11-04T21:47:52+00:00\",\"dateModified\":\"2023-11-04T22:44:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\"},\"wordCount\":169,\"publisher\":{\"@id\":\"https:\/\/riad-riad.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg\",\"keywords\":[\"banking\",\"banks\",\"Central Bank of Egypt\",\"digital\",\"digital bank\",\"Egyptian banks\",\"FinTech\",\"licensing\"],\"articleSection\":[\"News\",\"Publications\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\",\"url\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\",\"name\":\"Egypt Introduces the Rules Governing Digital Banking Licensing - riad-riad.com\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg\",\"datePublished\":\"2023-11-04T21:47:52+00:00\",\"dateModified\":\"2023-11-04T22:44:58+00:00\",\"description\":\"Egypt Introduces the Rules Governing Digital Banking Licensing News\",\"breadcrumb\":{\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage\",\"url\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg\",\"contentUrl\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg\",\"width\":1080,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/riad-riad.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt Introduces the Rules Governing Digital Banking Licensing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/riad-riad.com\/#website\",\"url\":\"https:\/\/riad-riad.com\/\",\"name\":\"riad-riad.com\",\"description\":\"Just another WordPress site\",\"publisher\":{\"@id\":\"https:\/\/riad-riad.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/riad-riad.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/riad-riad.com\/#organization\",\"name\":\"Riad & Riad\",\"url\":\"https:\/\/riad-riad.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png\",\"contentUrl\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png\",\"width\":512,\"height\":512,\"caption\":\"Riad & Riad\"},\"image\":{\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/f98a705747188360783a8f6445a39047\",\"name\":\"Fatma Salah\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7206cfb11b96fd5e380bad8e99a18316?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7206cfb11b96fd5e380bad8e99a18316?s=96&d=mm&r=g\",\"caption\":\"Fatma Salah\"},\"url\":\"https:\/\/riad-riad.com\/author\/fatmasalah\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egypt Introduces the Rules Governing Digital Banking Licensing - riad-riad.com","description":"Egypt Introduces the Rules Governing Digital Banking Licensing News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/","og_locale":"en_US","og_type":"article","og_title":"Egypt Introduces the Rules Governing Digital Banking Licensing - riad-riad.com","og_description":"Egypt Introduces the Rules Governing Digital Banking Licensing News","og_url":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/","og_site_name":"riad-riad.com","article_published_time":"2023-11-04T21:47:52+00:00","article_modified_time":"2023-11-04T22:44:58+00:00","og_image":[{"width":1080,"height":1080,"url":"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg","type":"image\/jpeg"}],"author":"Fatma Salah","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fatma Salah","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#article","isPartOf":{"@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/"},"author":{"name":"Fatma Salah","@id":"https:\/\/riad-riad.com\/#\/schema\/person\/f98a705747188360783a8f6445a39047"},"headline":"Egypt Introduces the Rules Governing Digital Banking Licensing","datePublished":"2023-11-04T21:47:52+00:00","dateModified":"2023-11-04T22:44:58+00:00","mainEntityOfPage":{"@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/"},"wordCount":169,"publisher":{"@id":"https:\/\/riad-riad.com\/#organization"},"image":{"@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage"},"thumbnailUrl":"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg","keywords":["banking","banks","Central Bank of Egypt","digital","digital bank","Egyptian banks","FinTech","licensing"],"articleSection":["News","Publications"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/","url":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/","name":"Egypt Introduces the Rules Governing Digital Banking Licensing - riad-riad.com","isPartOf":{"@id":"https:\/\/riad-riad.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage"},"image":{"@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage"},"thumbnailUrl":"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg","datePublished":"2023-11-04T21:47:52+00:00","dateModified":"2023-11-04T22:44:58+00:00","description":"Egypt Introduces the Rules Governing Digital Banking Licensing News","breadcrumb":{"@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#primaryimage","url":"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg","contentUrl":"https:\/\/riad-riad.com\/wp-content\/uploads\/2023\/05\/Copy-of-Untitled-Project-28.jpg","width":1080,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/riad-riad.com\/egypt-introduces-the-rules-governing-digital-banking-licensing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/riad-riad.com\/"},{"@type":"ListItem","position":2,"name":"Egypt Introduces the Rules Governing Digital Banking Licensing"}]},{"@type":"WebSite","@id":"https:\/\/riad-riad.com\/#website","url":"https:\/\/riad-riad.com\/","name":"riad-riad.com","description":"Just another WordPress site","publisher":{"@id":"https:\/\/riad-riad.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/riad-riad.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/riad-riad.com\/#organization","name":"Riad & Riad","url":"https:\/\/riad-riad.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/","url":"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png","contentUrl":"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png","width":512,"height":512,"caption":"Riad & Riad"},"image":{"@id":"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/riad-riad.com\/#\/schema\/person\/f98a705747188360783a8f6445a39047","name":"Fatma Salah","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/riad-riad.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7206cfb11b96fd5e380bad8e99a18316?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7206cfb11b96fd5e380bad8e99a18316?s=96&d=mm&r=g","caption":"Fatma Salah"},"url":"https:\/\/riad-riad.com\/author\/fatmasalah\/"}]}},"_links":{"self":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts\/3658"}],"collection":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/comments?post=3658"}],"version-history":[{"count":1,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts\/3658\/revisions"}],"predecessor-version":[{"id":3659,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts\/3658\/revisions\/3659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/media\/3586"}],"wp:attachment":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/media?parent=3658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/categories?post=3658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/tags?post=3658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}