Egypt's Suez Canal revenues surge 20.7% in FY2021/2022 – official    Gold prices in Egypt on July 3    Egypt introduces first beach for visually-impaired guests in Alexandria    Egypt's athlete Basma Emad wins bronze in weightlifting in Mediterranean Games    Gold prices in Egypt on July 3    Saudi citizens could enter Schengen countries visa-free    Egypt's Petrojet returns to Libyan oil sector after 11 years    Cemex, VeryNile sign deal for Egypt's Nile River    NATO remarks Egypt's role in maintaining stability in Middle East and Africa    Congo needs Egypt's expertise to diversify its economy – FPI official    Dostarlimab drug cures rectal cancer patient 100%, trials show    Egypt: A royal train turns into a new tourism attraction    For the first time John Legend to perform in Egypt    Egypt discovers newly treasure trove of ancient artifacts at Saqqara Necropolis    Noura Al-Mutair – first Gulf female boxer in World Championships    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Egypt to play key role in integrating water, climate issues globally – World Bank official    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



CBE approves launch of e-portal for smartphone wallet management
There are over 25 million e-wallets now in Egypt, with 27% growth since 2020
Published in Daily News Egypt on 05 - 01 - 2022

The Central Bank of Egypt (CBE) approved the launch of an e-portal for managing smartphone wallet accounts in cooperation with the National Telecom Regulatory Authority (NTRA).
Through this portal, users can make queries about any electronic wallets registered with their cell numbers as well as unsubscribe from the wallet for free without having to visit the branch of the service provider.
Rami Aboul-Naga
In a statement released on Wednesday, Rami Aboul Naga — the Deputy Governor of the CBE — said that the e-portal reflects the keenness of the CBE to provide digital financial services that are easy and flexible to suit all segments of society in a way that supports the efforts of the state and its institutions.
It aims to achieve financial inclusion and create a shift towards a digital society that is less dependent on cash within the framework of implementing the vision and decisions of the National Payments Council that is headed by President Abdel Fattah El-Sisi.
Launching the portal is a new addition to the advantages of the 'Meeza' national payment system that is managed by the Egyptian Banks Company, as it will have a positive impact on the market for payment services using smartphones in particular and electronic and digital payments in general.
Amany Shams-Eldin, First Sub-Governor Banking Operations at the CBE
Furthermore, Amany Shams Al-Din — the Sub-Governor of the CBE for the Banking Operations and Payment Systems Sector — said that the new portal is a continuation of the various services provided through smartphone wallets, which are easy, fast, and safe. Users can access the portal to inquire about whether or not an electronic wallet is registered with their cell number; it is easy and instantaneous.
Citizens also have the option to cancel their wallets completely in a few seconds without having to visit their service provider. This contributes to simplifying procedures and saving customers' time and effort and is completely free of charge.
Ehab Nasr, the Assistant Sub-Governor of the CBE's Payment Systems and Business Technology Sector, said that smartphone wallet services have developed greatly, both in terms of the diversity of services provided and usage rates.
There are over 25 million electronic wallets now in Egypt. The number grew by 27% between 2020 and 2021. These wallets conducted about 227 million transactions in 2021, with a growth rate close to 100% compared to 2020.


Clic here to read the story from its source.