BANKING

20 Jun 2019

Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Bank ABC, the MENA (Middle East and North Africa) region’s leading international bank. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Bank ABC plans to launch one of the region’s first digital banks and has invested in establishing digitised operations......

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19 Jun 2019

$200bn pumped into Egypt’s banking sector since 2016: Amer

Cairo: Central Bank of Egypt (CBE) Governor Tarek Amer said that $200 billion have been injected into the Egyptian banking sector to support the country’s economy since November 2016.

Speaking to reporters"...

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19 Jun 2019

Number of 'Miza' payment card users reaches 500,000: CBE

The Central Bank of Egypt (CBE) said that providing financial services to all segments of the society is part of the national economic reform program, noting that the number of users of 'Miza' national payment card have reached 500,000 since its launch in December.

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19 Jun 2019

Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World

Visa (NYSE: V) today announced global adoption of its sensory branding suite in 25 countries via more than a dozen new partnerships. The suite is comprised of sound, animation and haptic brand cues that occur with a Visa payment transaction. In a digital world increasingly filled with voice-commands, networked appliances and unattended retail environments, Visa’s sensory branding cues offer new ways to enhance the customer experience and convey the trust and security that the Visa brand represents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005240/en/ Visa was the......

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18 Jun 2019

CBE regulates banks transactions with technical payment aggregator, facilitators

The Central Bank of Egypt (CBE) issued the final regulation and directives that deal with banks and payments technological services providers.

The CBE has prepared these rules driven by the pacing development"...

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18 Jun 2019

NBK-Egypt launches NBK EG Wallet

ArabFinance: NBK-Egypt launched its new “NBK EG Wallet” application, available in both Arabic and English for IOS and Android smart phone users. This new and innovative service comes in line with the Central Bank of Egypt’s directions to transform into a digital economy.

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17 Jun 2019

CBE to issue LE 17.5B in T-bills Sunday

CAIRO – 16June2019: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 17.5billion in treasury bills on Sunday,June16.
The T-bills will be offered in two installments; the first installment is valued at LE 8.7 billion with a 91-day term"...

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17 Jun 2019

Egypt's state-owned Banque du Caire net profit surges

Cairo: Banque du Caire, a state-owned Egyptian bank contemplating partial privatisation, said on Sunday its net profit for the first quarter of 2019 had tripled to 1.22 billion Egyptian pounds ($73 million).

It"...

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16 Jun 2019

US Dollar maintains prices on Friday

The US Dollar maintained prices against the Egyptian pound in the banking dealings on Friday, recording LE16.69 for purchase and LE16.79 for selling in the Central Bank of Egypt (CBE).

According"...

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16 Jun 2019

Bank Audi-Egypt adds ‘Meeza’ card features on its debit, credit cards

Bank Audi-Egypt has added the new features of the Meeza card to its wide array of credit and debit cards. This comes in alignment with the National Payments Council’s and Central Bank of Egypt’s initiatives toward a cashless society.

The"...

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