Crédit Agricole Egypt provides the first cardless ATM bill payment in Egypt

CAE signs up with Fawry to offer a 24/7 bill payment service

Cairo, Egypt 2 January 2012: For the first time in Egypt, Crédit Agricole Egypt announced its latest bill payment service available to all individuals without the need of holding 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.

"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 service allows customers to instantly settle their payments, thus saving their time and wasted efforts in long queues.

"Offering unique and innovative banking solutions continues to be our main concern. CAE is always keen to partner with highly advanced establishments such as Fawry to offer more convenience for customers. Furthermore, 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.

Mr. Ashraf Sabry, CEO of Fawry commented: "Paying bills can be tedious, time consuming and completely unavoidable. At Fawry, we act as a consolidator between the billers and banks while building a secure and reliable payment platform. We are happy to partner with Crédit Agricole Egypt to make this payment service available to Egyptian consumers. This service will continue to grow gradually to include more billers."

Currently, CAE's sizeable network encompasses 72 branches across Egypt and more than 120 Automated Teller Machines (ATMs). In addition, CAE offers the most advanced and secured online banking service for easy access to accounts and convenient transactions (www.ca-egypt.com), as well as Phone Banking service (19191) that is available 24 hours, 7 days a week.

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About CAE:
CAE was established when Crédit Agricole SA, a leading global financial institution operating in more than 70 countries, and the Mansour & Maghraby Investment & Development Company (MMID) acquired the Egyptian American Bank and merged the network with Calyon Bank Egypt in September 2006. Today, CAE's committed team of experts offers a wide range of products and services designed to meet the demands of leading national and regional Corporations, SMEs, and retail clients, as well as high net worth customers. In addition to its network of branches conveniently located throughout the country, Crédit Agricole Egypt offers online banking services for easy access and convenient transactions (www.ca-egypt.com) in addition to its call center (19191) available 24 hours, 7 days a week.

For more information call: 19191 or visit your nearest CAE branch

Or contact: Abeer El Areeny at TRACCS Egypt
Tel: (+202) 33046860
Fax: (+202) 33031219
Email: abeer.elareeny@traccs.net