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Tuesday, 30 June 2020

Central Bank of Egypt grants payment facilitator certification to Raya’s Aman

Raya Holding subsidiary Aman for e-payments has received approval from the Central Bank of Egypt (CBE) to become a certified payment facilitator, meaning it can now receive and process credit payments on behalf of banks, according to an EGX disclosure (pdf). Aman separately signed a cooperation agreement with the National Bank of Egypt to provide 25k POS devices as part of the CBE’s e-payments initiative.

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