Banque du Caire obtains CBE license for POS

A branch of Banque Du Caire is pictured at the Upper Egypt city of Aswan, Egypt February 21, 2020.
REUTERS/Amr Abdallah DalshFayed noted that this move comes in line with the bank’s expansion strategy that relies on new digital channels.
The POS service will be available in the nearest future through the latest devices, which have not been introduced before in the Egyptian market, Deputy Chairman Hazem Hegazy elaborated.
Banque du Caire plans to provide 100,000 POS before the end of 2020, Hegazy added.
The new devices allow contactless payments as well as QR Codes.
Last July, the bank formed an exclusive partnership with Cashless Plus to offer e-payment for traffic services.
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