ArabFinance: Banque Misr signed a protocol with Petroleum Trading Services (Petrotrade) to collect and develop the electronic billing services of the company, according to the banks recent press release.

Under the deal, the bank will offer electronic collection via point of sale (POS) machines, which enables the customer to pay the bills at any branch within the customers area.

The POS will accept all types of cards and electronic portfolios through the companys website and mobile application, Petrometer, the first application in Egypt that allows users to check the gas usage, contact support, pay gas invoices and capture the reading directly.

The company will offer customers self-payment services through Interactive Kiosks that are linked with the banks POS.

Established in 1920, Banque Misr has funded many businesses spanning across multiple domestic sectors. It is serving a large base of more than 10 million clients in Egypt via 700 electronically integrated local branches located nationwide.

Currently, the bank owns shares in 157 companies across different fields ranging from finance, tourism, housing, agriculture and food, and communication and information technology.

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