Egypt is Moving to e-KYC in 2024
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Dec 1, 2023 ·
1m 33s
Deputy governor for the CBE Ihab Nasr revealed that Egypt has announced plans to roll out an electronic know-your-customer process next year. that Egypt’s apex bank was on track to...
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Deputy governor for the CBE Ihab Nasr revealed that Egypt has announced plans to roll out an electronic know-your-customer process next year.
that Egypt’s apex bank was on track to launch an e-KYC process next year that will cut out the need for going to banks.
The process will allow Egyptians to use fingerprints and facial recognition on their smartphones. While the CBE has not given an official release date for the service, Egyptian publication Al Mal reports that e-KYC is set for a Q3 2023 launch.
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that Egypt’s apex bank was on track to launch an e-KYC process next year that will cut out the need for going to banks.
The process will allow Egyptians to use fingerprints and facial recognition on their smartphones. While the CBE has not given an official release date for the service, Egyptian publication Al Mal reports that e-KYC is set for a Q3 2023 launch.
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