OPay has announced its intention to apply for a digital bank licence in Egypt with a capital of $60m.
The company said that this step came 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 Middle East, North Africa, Nigeria, and Pakistan.
Read More : OPay Plans to Launch Digital Bank in Egypt