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Day: December 15, 2024

Al Khaber for Accounting And Auditing Services > News > 2024 > December > 15

71.5% financial inclusion achieved: How do CBE, banking sector transform access to services?

December 15, 2024
71.5% financial inclusion achieved: How do CBE, banking sector transform access to services?
The Central Bank of Egypt (CBE), in collaboration with the banking sector, has significantly advanced Egypt’s financial inclusion rates, achieving a remarkable 181% increase between December 2016 and June 2024. By June 2024, the number of citizens with transactional accounts—including bank accounts, Egypt Post accounts, mobile wallets, or prepaid cards—reached…

Egypt launches tokenization for payment cards on mobile apps, Apple Pay service

December 15, 2024
The Central Bank of Egypt (CBE) announced that it has launched the tokenization of payment cards on mobile applications and Apple Pay service – marking a significant stride towards encouraging citizens to use their mobile phones for performing digital financial transactions. The CBE said in a statement on Thursday that…

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