Kuwaiti NBK to launch Meeza prepaid cards in Egyptian market

SourceAhram
SectorFinancial Markets
CountryKuwait

National Bank of Kuwait (NBK) Egypt inked on Wednesday a cooperation protocol with the Egyptian Banks Company for Technological Advancement SAE (EBC), which allows NBK Egypt to launch the “Meeza” prepaid card. The protocol was signed by Head of Business Group at the NBK Amr El Alfy and Managing Director of EBC Ahmed Rabea. Through this action, NBK will be the second bank that is operating in Egypt to launch Meeza cards after the National Bank of Egypt (NBE). NBK’s Egypt Vice Chairman, Managing Director and CEO Yasser El-Tayeb said that the move aims to boost the bank’s range of banking products, which contributes to expanding the umbrella of using electronic payment instruments and channels. He added that the issuing of the card is consistent with the Egyptian ...read more...