Second pilot phase aims to issue contactless cards across 10 governorates
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ElKosayer held several meetings with the Agricultural Bank of Egypt, e-finance, and the Egyptian Banks Company to develop the procedures needed to carry out the digital transformation. This is expected to have a significant impact on the services provided via the Farmer’s Card and maximise its benefits.
Egyptian Banks Company has completed all the technical, infrastructure matters necessary to implement electronic payment system
Bank is targeting to issue 2.5 million Meeza cards in three years
Card part of bank’s strategy to support financial inclusion, says El Kholy
Maximum balance of card is EGP 1,000, maximum monthly use is EGP 50,000
Bank Audi- Egypt aims to support development of electronic payment system in Egypt by reducing dependency on cash, in addition to promoting financial inclusion: Bedeir