Egyptian major banks introduce Apple Pay to boost electronic transactions and reduce cash use.

Egypt's largest banks, including the National Bank of Egypt, Banque Misr, and CIB, have introduced Apple Pay, enabling secure, contactless payments using Apple devices. The service, protected by features like Face ID and dynamic security codes, simplifies in-store and online transactions. It aims to boost electronic payments and reduce cash usage, with projections showing significant growth in transaction volumes by the end of 2024.

3 months ago
6 Articles