Tarek Mahfouz, country manager of Visa Egypt, said launching mVisa, a seamless and secure mobile solution for instant cashless payments, in Egypt brings the benefits of easy and secure digital commerce to financial institutions, merchants, and consumers. He added that mVisa is expected to help accelerate Egypt’s move towards a cash-light economy. The launch of mVisa aligns with Visa’s mission to accelerate the acceptance of electronic payments in cash-dominant economies, supporting greater financial inclusion and transparency of financial transactions. Following mVisa’s successful adoption in three markets, and now Egypt, Visa announced earlier this year that it would be rolling out mVisa in six more markets. Whether in a store, online, mobile phone, Visa will continue to be the engine of commerce—making it as easy to pay on any device as it is to swipe a card.

Source: Daily News Egypt May 17, 2017 16:52 UTC