Open Banking in Egypt

Egypt's Central Bank (CBE) is developing an open banking framework as part of its broader financial inclusion and digital transformation agenda. The initiative aims to modernize Egypt's banking sector and expand access to financial services for the country's large population.

The CBE has been progressively modernizing payment infrastructure, including the InstaPay instant payment system and mobile wallet interoperability. Open banking regulations would build on these foundations, enabling API-based data sharing and third-party service provision.

Egypt's large population, significant unbanked segment, and growing digital economy create substantial demand for innovative financial services. The government's Egypt Vision 2030 and the CBE's fintech strategy provide institutional support for open banking development.