Egyptian bank launches ‘card-less’ bill payment
Cairo, January 16, 2012
Egyptian bank, Crédit Agricole Egypt (CAE), has launched its latest bill payment service to both customers and non-customers which does not require a CAE debit or credit card.
In cooperation with Fawry, CAE is the first to present this service to both customers and non-customers, allowing them to pay their bills using cash, debit cards or credit cards through convenient and secure channels that are available 24/7, a statement from the bank said.
Bill payment represents a more efficient, fast and reliable method of payment by allowing consumers to instantly pay their bills anytime at their convenience through Crédit Agricole Egypt’s nationwide network of ATMs.
Currently, the new bill payment service is offered to all mobile subscribers, as well as Egypt Telecom, TE Data, Linkdotnet, Air Arabia, the Food Bank and CIL insurance payments, the statement said.
“Crédit Agricole Egypt is the first bank to offer the cardless ATM bill payment option. This new service does not require the possession of a CAE debit card. Thus, with our bill payment service, no one will have to worry about unpaid bills no matter where they are,” said Jean-Francois Drion, managing director, Crédit Agricole Egypt.
Currently, CAE's sizeable network encompasses 72 branches across Egypt and more than 120 ATMs. In addition, CAE offers the most advanced and secured online banking service for easy access to accounts and convenient transactions, as well as phone banking service that is available 24/7. – TradeArabia News Service
More Finance & Capital Market Stories
- Dubai ICD planning to boost $2bn loan
- CEO-elect of fraud-hit Rakbank quits
- Saudi foreign assets hit record $668.2bn
- Major trade success for BBK Brokerage
- NBAD raises convertible bond issue to $465m
- Mashreq to enhance mobile banking app
- NBK Capital exits Turkey hospital chain
- Abu Dhabi holding firm Senaat plans share sale
- Iraq Trade Bank to expand into Lebanon, Turkey
- UAE’s non-oil job, output levels surge