NBE unveils Apple Pay for seamless, secure payments
The National Bank of Egypt (NBE), the largest commercial bank in the country, has introduced Apple Pay to its customers. This innovative payment solution provides a safer, more secure, and private way to make transactions without the need to hand
Meeza National Payment Scheme Brings Apple Pay to its customers in Egypt
A faster, safer, more secure and private way to pay with iPhone, Apple Watch, iPad and Mac
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Egyptian banks launch Apple Pay tokenization
Several major Egyptian banks have activated card tokenization services through Apple Pay, following the Central Bank of Egypt’s (CBE) February 2023 approval of regulations for this technology. National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB) are among
CBE hosts Mauritanian delegation to share Egypt’s best practices in financial literacy
In line with Egypt’s commitment to fostering stronger African cooperation across various sectors, the Central Bank of Egypt (CBE) hosted a delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM). The visit aimed to facilitate peer
ADCB Egypt highlights sustainability achievements with EGP 4bn portfolio in mid-2024
Abu Dhabi Commercial Bank (ADCB) Egypt has reaffirmed its dedication to sustainability within the banking sector by prioritizing projects that promote environmental and social responsibility. As of June 2024, the bank’s sustainable financing portfolio reached EGP 4bn, reflecting its commitment
Banks, mortgage companies inject EGP 78.66bn into low-income initiative in November
Financial institutions participating in Egypt’s low-income mortgage finance initiative provided a total of EGP 78.66bn in funding to over 606,839 beneficiaries in November 2024. A report from the Social Housing Fund and Mortgage Finance Fund revealed that 22 banks contributed
CBE joins Pan-African Payment and Settlement System
As part of Egypt’s efforts to deepen economic collaboration with African nations, the Central Bank of Egypt (CBE) has joined the Pan-African Payment and Settlement System (PAPSS). Developed by the African Export-Import Bank (Afreximbank), PAPSS streamlines cross-border payments and trade
CBE to launch $900m T-bill auction
The Central Bank of Egypt (CBE) will conduct a $900m local treasury bill auction tomorrow, Monday. These US dollar-denominated T-bills will mature on 2 December 2025. The proceeds from this auction will be used to settle a previous auction held
AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises. These banks include Faisal Islamic Bank of Egypt, United Bank,