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ABE supports CBE’s push towards e-payments by issuing Meeza cards: ElKoseir - Daily News Egypt

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ABE supports CBE’s push towards e-payments by issuing Meeza cards: ElKoseir

Maximum balance of card is EGP 1,000, maximum monthly use is EGP 50,000

Elsayed Elkoseir, chairperson of the Agricultural Bank of Egypt (ABE), said that the bank strongly supports the government and the Central Bank of Egypt’s (CBE) direction toward becoming a cashless society through the issuance of national e-payment card Meeza to be used in Egypt.

He added that the Meeza card, which is the first national payment card, will contribute to enhancing the direction of the ABE to achieve financial inclusion as an ideal gateway toward achieve it, especially in view of the bank’s 1,210 branch network and the segment addressed by the bank including small and micro entrepreneurs and women.

He pointed out that the maximum limit of the card is EGP 10,000 while the maximum monthly use is EGP 50,000 and can be used in all local government payments, in addition to cash withdrawals from ATMs and purchases through point-of-sale (POS).

The card also offers customers the possibility of cash withdrawals via ATM machines bearing 123 network brands.

The ABE allows the deposit and recharge the card via POS of e-finance in all of the bank’s 1,210 branches.

In conjunction with the launch of the card, the National Bank of Egypt, Banque Misr, Banque du Caire, and CIB also launched the Meeza card. The ABE launched call centre hotline is 19080 to assist customers in the event of losing the card.

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