The Central bank of Egypt has received requests from four banks to obtain a licence to establish a digital bank, Sub Governor of the Central Bank of Egypt (CBE) for Payment Systems and Information Technology, Ayman Hussein. He made those comments on the sidelines of first Arab Digital Economy Conference in Abu Dhabi, today under the patronage of Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Commander of the Armed Forces, In addition, he denied revealing their names or numbers. Hussein added that the CBE is currently setting the rules and regulations regarding the establishment of the digital bank along with the in-house work system. Digital banking is the digitization (or moving online) of all the traditional banking activities and programs that historically were only available to customers when physically inside of a bank branch, he added. On the other hand, he further noted CBE will officially launch the national payment card which will allow cash withdrawals in electronic markets by the end of the current month