Central Bank of Egypt (CBE)

Three news stories.

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Central bank enables rollout of contactless mobile payments in Egypt

By Tom Phillips • 10 March 2023 • Updated 10 March 2023

Mobile wallet on smartwatch being used to make contactless payment in Egypt

The Central Bank of Egypt (CBE) has issued regulations governing payment card tokenization on mobile apps that enable banks and payment service providers to allow customers to make contactless payments with digital cards stored in mobile wallets including Apple Pay, Google Pay and Samsung Pay... More

What's New in Payments

Egypt promotes cashless payments with increased contactless transaction limit, free prepaid cards and mobile wallets

By Sarah Clark • 23 March 2020

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

What's New in Payments

Egypt’s banks to use common QR code standard for mobile payments

By Sarah Clark • 25 January 2018 • Updated 25 January 2018

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.”