The Commercial International Bank in Egypt (CIB) is taking part in the media campaign the Central Bank of Egypt (CBE) started to bring electronic payments to the country as part of the move toward cashless transactions.
The CBE is informing the public of the ease of mobile payments and the superiority of e-wallets in comparison to cash. In line with the CBE's mission, CIB is providing e-banking services and products to give customers an easy way into the streamlined future.
The CIB Smart Wallet was launched in January 2016 and has a mobile app for making payments, which can also be loaded with funds from personal accounts which can be used to pay bills, or to send funds to another mobile user. The app can be used for any vendor who has the MasterCard Mobile Misr Logo, or with online purchases.
The app, which allows for withdrawals to be made at CIB ATMs or agents, is being offered by CIB-Egypt for 50 percent off for the next six months with free sign-up.
CIB hopes to give individuals with smart phones the ability to handle their own monetary transactions with ease and flexibility.