• Tuesday, 22 January 2019

    What we’re tracking on 21 January 2019

    The World Economic Forum gets underway in Davos this morning and runs through Friday. The theme: “Globalization 4.0: Shaping global architecture in the age of the fourth industrial revolution.” Yeah, yeah, we know. But still… Links you may want to...
  • Tuesday, 22 January 2019

    What we’re tracking on 21 January 2019

    The World Economic Forum gets underway in Davos this morning and runs through Friday. The theme: “Globalization 4.0: Shaping global architecture in the age of the fourth industrial revolution.” Yeah, yeah, we know. But still… Links you may want to...
  • Thursday, 10 January 2019

    Banque Misr begins issuing Meeza debit cards

    Banque Misr has begun issuing “Meeza” debit cards as of the beginning of this month, an unnamed source from the bank tells Al Mal. The card — which the Finance Ministry first announced in September as part of the government’s...
  • Monday, 24 December 2018

    What we’re tracking this week and beyond

    NBE to roll out Meeza cards early next month: The National Bank of Egypt is expecting to roll out national “Meeza” debit cards to both banked and unbanked customers by early January, with an eye on issuing 1 mn cards...
  • Thursday, 20 December 2018

    Careem to set up e-wallets for drives in Egypt

    Ride-hailing app Careem is currently in talks with banks and telecom companies to set up e-wallets for its drivers to receive and make payments via mobile phones, Egypt general manager Wael Abou El Ela said, according to Amwal Al Ghad.
  • Monday, 17 December 2018

    Central Bank of Egypt could raise ceiling for mobile lending

    The CBE is studying raising the credit ceiling for mobile nano-lending to EGP 1000-1500, up from EGP 500 currently, banking sources familiar with the matter told Al Mal. The bank is now working to set the interest rate banks will...
  • Sunday, 2 December 2018

    E-Payments Act with Egypt’s Council of State for review

    LEGISLATION WATCH- E-Payments Act with Council of State for review: The final draft of the E-Payments Act, which is meant to guide Egypt’s transition to a cashless, paperless economy, has been referred to the Council of State (Maglis El Dawla)...
  • Thursday, 29 November 2018

    Cabinet signs off on making all gov’t transactions in Egypt electronic next year

    CABINET WATCH- Gov’t transactions to be electronic by 1 January, 2019: The Madbouly Cabinet approved yesterday a Finance Ministry decision that makes it mandatory for all government transactions to be electronic, regardless of their size or value, by 1 January...
  • Wednesday, 7 November 2018

    Central Bank of Egypt tells banks to start preparing for ‘Meeza’ national debit card

    CBE tells banks to start preparing for ‘Meeza’ national debit card : The central bank has told banks to put in place the technical infrastructure to support a national payments scheme that will roll out by year’s end, an unnamed...

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