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Sunday, 23 August 2020

Egypt’s CIB reports 100% uptick in use of digital services for bank transactions

CIB reports 100% uptick in use of digital services: Leading private sector bank CIB has seen a 100% y-o-y increase in the number of internet and mobile banking transactions in July as customers flocked to digital banking services during the pandemic, CIB’s deputy COO, Mohamed Farag, told the press. The number of CIB customers using services edged up by 20% during July, compared to last December, said Farag. Customer use of smart wallets also increased between July and December, giving CIB a 21% activity rate in smart wallets, which Farag said is the highest in the Egyptian market.

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