CIB e-commerce gateway tops list of Egyptian merchant-acquiring banks

Reuters Images/Mohamed Abd El Ghany

Developing the Bank’s e-commerce gateway falls in line with the country and CBE’s vision of a cashless society, where digital payment replaces cash transactions

Staff Writer, Daily News Egypt

August 4, 2022

PHOTO

Egypt - Commercial International Bank (CIB) has significantly developed its e-commerce gateway to top the list of Egyptian merchant-acquiring banks in the first half of 2022, the bank revealed.

The CIB managed to boost its market share to reach 37% for Q1 and Q2 2022.

Developing the Bank’s e-commerce gateway falls in line with the country and CBE’s vision of a cashless society, where digital payment replaces cash transactions.

The Bank also aims to prioritize SME growth and development, considering their vital role in strengthening the country’s economy.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.