Table: Contactless payment transaction limit increases around the world
Updated 24 August: Countries around the world are increasing the contactless transaction limit in a bid to combat the spread of Covid-19... More
Egypt
UK raises contactless transaction limit by 50%
The spending limit for contactless card payments in the UK is being increased from £30 (US$35.33) to £45 (US$52.99), UK Finance has announced. The new spending limit will begin to roll out from 1 April 2020. More
Egypt promotes cashless payments with increased contactless transaction limit, free prepaid cards and mobile wallets
The Central Bank of Egypt (CBE) has introduced a series of measures designed to reduce the need for citizens to use cash to make payments, including a doubling of the contactless payment transaction limit and free access to both prepaid card and mobile wallet services... More
Egypt’s banks to use common QR code standard for mobile payments
CBE issues standard criteria for accepting electronic payment using QR code — Daily News Egypt — “The Central Bank of Egypt (CBE) has issued electronic acceptance criteria for payments through QR code… These unified standards will apply to all banks licensed to accept payments electronically in Egypt.”
Egypt: National Council for payments issues five important decisions
Egypt: National Council for payments issues five important decisions — MobileMoneyAfrica — “The National Council for Payments issued a number of important decisions, with the aim of transforming Egypt from a society that relies on cash to a cashless one.”
Mastercard and Visa expand availability of QR payments
Visa’s mVisa QR-based mobile payment service is now live in India, Kenya and Rwanda and will soon be available in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam, the company has announced at Mobile World Congress in Barcelona... More
Etisalat demos NFC in Egypt
Etisalat Misr, Egypt’s leading mobile network operator, has installed an NFC access control system at its premises in Cairo... More
