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Network International banks integrate Egypt’s Meeza payment scheme - Daily News Egypt

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Network International banks integrate Egypt’s Meeza payment scheme

NI partner banks among first acquiring banks in Egypt to integrate national payments scheme

Network International (NI) Egypt, a leader in payments solutions in Africa, announced today that the banks with which the company partners are now fully integrated and certified to process transactions under Meeza, the new Egyptian national payments scheme.

The latest development complements NI’s ongoing efforts to support the Central Bank of Egypt’s (CBE) initiatives to reduce dependence on cash, and advance the local payments infrastructure.

Meeza is the national debit card that the CBE is rolling out before the end of the year, as part of its push towards financial inclusion, and a cashless society.

A CBE official informed last month through press statements that pensioners would be among the first to access state benefits through the cards, which would also be used to electronically deliver payments to civil servants, and subsidy recipients.

For his part, Hany Fekry, managing director of NI Egypt explained that being among the first to integrate with the national payment scheme reinforces NI’s collective efforts to streamline operations, improve profitability for its customers, and support the government’s initiatives to boost electronic payments in the country.

“Our commitment to Egypt, the Middle East, and Africa to provide entrepreneurs, corporations and government bodies with intuitive, secure, and smart payment solutions is central to our work at Network International,” Fekry assured.

Meanwhile, Rafik El Raheb, chief information officer of NI Africa, stated that businesses in the region need increasingly sophisticated solutions that are versatile.

“With the technology-led focus of Network International, we plan and design solutions that our customers need, and we make them a reality,” he indicated.

“The latest cloud technology and data centre facilities, automated resource allocation, scalable IT and network capacity is what we offer, as well as a wealth of knowledge and experience gained throughout Africa, the Middle East, and beyond,” El Raheb concluded.

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