Digital banking on the rise in Egypt owning to coronavirus push – ZAWYA

Digital banking on the rise in Egypt owning to coronavirus push – ZAWYA

Electronic payment and ATM cards are also the safest for customers during the coronavirus crisis.. As part of its electronic banking services, Banque Misr has offered BM Wallet app that allows customers to transfer any amount through mobile phones and pay all kinds of bills.. The bank was the first to provide withdrawal and deposit services for mobile wallets through its network of ATMs.. It helped reduce crowding at the bank's branches in line with the state's directives of social distancing to curb the virus spread.. The bank has allowed its customers to apply for subscription to digital services through the bank's website, without the need to visit the branch.. CIB's Smart Wallet is a mobile application that allows customers to pay bills, transfer money to another wallet in Egypt, and deposit and withdraw money from ATMs.. Saib Bank has re-launched its e-wallet, after rebranding, which provides various innovative payment services and solutions via mobile phones.. BLOM Bank Egypt announced the launch of the contactless feature at its ATMs, becoming one of the first banks in Egypt to activate this feature.. During the coming period, the bank seeks to provide a package of other electronic services, within the framework of