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Tuesday, 22 October 2019

Banque du Caire launches mobile wallet app, QR Code features

Banque du Caire has launched a mobile wallet app, Qahera Cash, that allows users to pay bills, transfer money, and make online purchases from international retailers, according to Al Shorouk. The app is currently available for Android users, and will be available for iOS soon. BdC Chairman and CEO Tarek Fayed told us the bank applied for a license to be a digital acquirer bank through QR code to move ahead with its plans for financial inclusion. The Central Bank of Egypt had issued a directive in August (pdf) requiring banks to grow their active e-wallet users by at least 30% annually.

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