23 Hrs
Source:
عربي21
Egypt Central Bank approves Digital Identity rules
Egypt has launched the Digital Financial Identity System, which relies on electronic verification of banking clients' identities, with the aim of expanding access to financial services and promoting financial inclusion. This system represents an important step in developing the digital infrastructure of the banking sector, allowing citizens to open accounts and access banking services through digital channels without the need to visit branches. The regulatory framework included governance of the system, the responsibilities of involved parties, as well as security and data protection requirements, to ensure the delivery of reliable services in accordance with the highest international standards.
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