MobiNil & Citibank Egypt Offer New Cash Bill Payment Service for Postpaid Subscribers
Wednesday, March 17, 2004
MobiNil, Egypt's leading mobile operator, and Citibank Egypt, a member of Citigroup, have introduced best -in-class technology that supports MobiNil postpaid subscribers' payment of cash bills through a free bill payment machine service available 24 hours a day 7 days a week.
The new service, available for all MobiNil postpaid subscribers, assures payment flexibility through a choice of payment locations including retail outlets, shopping malls and Citibank branches. Lengthy queues are eliminated and the deposit process is fast. Citibank customers also benefit through the ability to consolidate other payments, including telephone bills, mobile phone bills, cable channel subscriptions and insurance installments.
The touch screen system allows for payment within seconds. The screens are programmed in Arabic and English and an onsite personal assistant is available to offer first-time users any help they might need. The customer is only required to provide his or her mobile telephone number and the amount of cash being deposited. The payment is reflected the day following the actual transaction, even during weekends, and no charges will be deducted from the payment.
Osman Sultan, President and CEO of MobiNil commented: " We are pleased to offer our postpaid subscribers a new option of bill payment that is an addition to our wide range of existing payment methods that have all been designed with a view to providing utmost comfort and speed for our subscribers".
Karim Mahmoud, Head of Citigroup Global Transaction Services in Egypt, said, "We are delighted to partner with MobiNil, in order to provide excellence in payment services to customers. This is an efficient and innovative solution to address Egypt's cash culture needs, with convenience and speed.".
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Note to editors
Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.
Citigroup Global Transaction Services
Citigroup's Global Transaction Services is a leading provider of integrated cash management, trade finance and securities services for corporations, financial institutions, intermediaries and governments around the world. With over $100 billion in average liability balances, more than $5.8 trillion in assets under custody and the largest proprietary branch network, Citigroup's award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Citigroup Global Transaction Services provides clients with access to Citigroup's full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 100 local markets. For additional information, see www.citigroup.com/transactionservices.
Citigroup's Global Transaction Services is part of Citigroup's global corporate and investment banking group, which provides complete financial solutions to corporations, governments and institutional investors in more than 100 countries. Award-winning businesses include corporate and investment banking, sales and trading, transactions services, commercial finance and insurance products. Additional information can be found at: www.citigroupgcib.com.
About MobiNil
The Mobile GSM900 cellular network in Egypt is operated by The Egyptian Company for Mobile Services (ECMS), an Egyptian public company.There are more than 2 million subscribers to MobiNil's service in Egypt today.
Press contacts:
Taha Saifullah, Media Relations Manager, MobiNil
Tel: (20) 12 320 1021, Mob: (20) 12 313 8955
Fax: (20) 12 320 6682
Email: tsaifullah@MobiNil.com
Tamer Zakaria, Media Relations Specialist, MobiNil
Tel: (20) 12 320 6685, Mob: (20) 12 319 9727
Fax: (20) 12 320 6682
Email: nhamid@MobiNil.com
For further information, please contact:
Malak Fahmi
Public Affairs Officer
Tel: (02) 791 0629
© Press Release 2005
