CBE issues rules regulating banking agents

AI Summary

The Central Bank of Egypt approved rules governing banks’ use of agents to provide services such as customer identification and verification. The regulation is intended to support financial inclusion and expand access to the formal banking system.

The Central Bank of Egypt (CBE) has approved new rules regulating banks’ use of banking agents to provide certain banking services on their behalf, including customer identification and verification. The move forms part of the CBE’s efforts to promote financial inclusion by bringing all segments of society into the formal financial system and expanding access […]