Al Baraka Bank Egypt has unveiled its innovative mobile banking application, part of its strategic 2023–2025 roadmap, designed to transform the banking experience for individual and corporate customers. This milestone reflects the bank’s commitment to boosting its digital ecosystem and achieving its ambitious goal of 50% digitally active customers by the end of 2027.
Key Features of the Mobile App Advanced Services for Retail and Corporate Users
For Individual Clients: Self-registration via account number.
Biometric verification (facial recognition and fingerprint).
Comprehensive banking services, including account management, checkbook requests, debit card issuance, and currency conversions.
Instant and local transfers
For Corporate Clients: A streamlined platform for complete financial management.
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A simple “three-tap” user interface for ease of navigation.
Commitment to Security and Innovation
The app adheres to international and local security standards approved by the Central Bank of Egypt, ensuring a secure, seamless experience.
Statements from Leadership
Hazem Hegazy, CEO & Vice Chairman “The launch of our mobile banking app is a cornerstone of our digital transformation journey. It enables us to deliver a user-friendly, secure banking experience tailored to individual and corporate needs. We anticipate over 10,000 downloads in the initial phase.”
Abdel Aziz Samir DCEO for Consumer Banking
“Our digital expansion includes upcoming digital branches, enhanced ATMs with contactless features, and chatbot services, aligning with Al Baraka’s support for fintech and economic growth.”
Engineer Redallah Ahmed, Chief Digital Officer
“The app not only simplifies banking operations but also offers cutting-edge features, setting a new benchmark for digital banking solutions in Egypt.”
Expansion and Achievements About Al Baraka Bank Egypt
Subsidiary of Al Baraka Group: A global leader in Islamic banking across 14 countries and 3 continents.
Established Presence in Egypt: Operating for over 40 years with 36 branches and plans to expand further by 2025.
Commitment to Sharia Principles: All operations are reviewed by an independent Sharia Supervisory Board.
Awards and Recognition:
Al Baraka Bank Egypt has received numerous accolades, including:
The Fastest Growing Digital Transformation Bank in Egypt (2024).
Best Local Currency Finance Award and Best Restructuring in Africa Award from EMEA Finance Magazine.
Recognized in Forbes’ Egypt’s Top Companies list for three consecutive years (2022–2024).
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