Riyadh: QNB Group has announced that it has received license approval for a digital-first banking entity, "ezbank", from the Saudi Central Bank SAMA, in collaboration with Ajlan and Bros. Holding, with a capital investment of SAR 2.5 billion.

According to Qatar News Agency, this development marks a significant milestone and aligns with QNB Group's commitment to financial inclusion and digital transformation, while supporting broader economic development strategies. The introduction of ezbank aims to showcase a new model of customer-centric banking, focusing on innovation, efficiency, and accessibility.

The approval is a pivotal step in QNB Group's ongoing efforts to revolutionize the banking sector across its operations in over 28 countries spanning three continents. The entity will provide a digital-first banking experience that emphasizes simplicity, inclusiveness, and security, offering innovative solutions tailored for youth and entrepreneurs.

Ezbank plans to leverage mobile-first platforms, AI-driven tools, and smart risk management strategies to facilitate easier transactions, enhance access, and bolster the digital economy.