Egypt: CBE replaces 10.8mln payroll cards for public workers, pensioners with ‘Meeza’ cards in 2022

Egypt: CBE replaces 10.8mln payroll cards for public workers, pensioners with ‘Meeza’ cards in 2022

The Central Bank of Egypt (CBE) has revealed the completion of the replacement of 10.8 million payroll cards for public workers and pensioners with the national payment card “Meeza” in 2022.

According to the Central Bank, this comes in implementation of the decisions issued by the National Payments Council regarding reliance on a national payment system.

The Central Bank said that more than 4.3 million payroll cards for public workers were replaced, in cooperation with the Ministry of Finance, pointing out that this project aims to provide an easy, fast and safe electronic way for workers to obtain their financial dues.

It added that 6.5 million pension cards were also replaced, in cooperation with the Ministry of Social Solidarity, as this project aims to integrate pensioners in the banking sector and enable them to obtain their dues in a fast electronic way.

In a related context, the Central Bank revealed that the National Telecom Regulatory Authority of the Ministry of Communications and Information Technology, in cooperation with the Central Bank, provided inquiry service about electronic wallets on the interactive My NTRA application, through which it is possible to identify electronic wallets registered in the name of each user with mobile companies and banks operating