Egypt and global economy brief
Egypt's Central Bank Approves Digital Identity Rules To Expand Remote Banking
✦Key takeaways
- The Central Bank of Egypt (CBE) has approved new regulatory guidelines for electronic know-your-customer (eKYC) services, allowing commercial banks to digitally verify customer identities as part of efforts to expand digital banking and accelerate financial inclusion.Digital banking in EgyptAccording to a Sunday statement from the central bank, the new framework enables customers to open bank accounts and access banking products and services remotely without visiting a branch.The guidelines also allow customers to
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