Banque du Caire has completed the process of connecting with the Tahweel network by launching the withdrawal and deposit service for mobile wallet clients, Cairo Cash, and all mobile wallet and mobile operator clients through the bank’s automated teller machines (ATMs), according to the bank’s chairperson and CEO, Tarek Fayed. Fayed added that the new service will enable customers to withdraw and deposit money with a card-less card through the Tahweel network. The Tahweel network is the digital transfer moderator for mobile phone payment services, in addition it allows for instant transferring of funds via mobile wallets, in a bid to support the bank’s initiative of financial inclusion and dissemination the function of financial services. The service allows all mobile phone customers to securely withdraw money and deposit funds in their wallets, as the service requires a changing pin code through the phone application, explained Hegazy. Banque du Caire has a network of 222 branches and 7,000 ATMs.

Source: Daily News Egypt December 23, 2018 08:37 UTC