In line with the Central Bank of Egypt’s (CBE) efforts towards the transformation to a less-cash society and the adoption of e-payments, the tokenization of payment cards on mobile applications has been launched and Apple Pay service is enabled successfully as the first phase, marking a significant stride in encouraging citizens to use their mobile phones in performing digital financial transactions. The tokenization service was introduced in collaboration with the world’s leading digital payments’ providers (VISA and Mastercard), the National Payment Scheme “Meeza,” and the smartphone manufacturer – Apple Inc. The launch was also coordinated with several banks, mobile payment…
Author: Ahmed Ibrahim
Mashreq is proud to report its strong financial performance for the first nine months of 2024, showcasing the bank’s dedicated commitment to its strategic priorities. These include placing clients at the forefront of our efforts, enhancing operational and financial effectiveness, enforcing stringent risk management practices, and cultivating a culture that values and empowers our employees. The achievements highlight the successful execution of our strategic plans and our unwavering dedication to delivering an unparalleled, world-class experience to our clients. Abdul Aziz Al Ghurair, Chairman of Mashreq, said: “Despite decreased growth forecasts for the world economy, the UAE economy continues to show…