Meeza (Ofer Abarbanel online library)

Meeza is an Egyptian electronic payment systems provider for domestic transactions within Egypt. It is supported by the Egyptian government[1][2][3] and is regulated by the Egyptian Central Bank and the national Egyptian Banks Company (EBC).[4][5] Meeza provides similar electronic payment services as MasterCard and Visa but can only be used locally inside Egypt.[6] The name Meeza means “advantage” in Egyptian Arabic.

History

Meeza was established in early 2019, to provide a national payment scheme supporting a cashless society in Egypt.[7] By the end of 2019, Meeza has issued about 4 million payment cards for use within the Egyptian network.[8][9]

In October 2020, Meeza started offering free prepaid cards to Egyptians, which can be used locally and can not be used outside Egypt.[10]

Products and services

Meeza produces bank cards and mobile wallet applications for local transactions within Egypt. Meeza payment cards are accepted in merchandise stores and government organisations across Egypt,[2] in addition to online Egyptian e-commerce websites.[11] Meeza issues both prepaid payment cards and bank account debit cards.[12] The cards are issued by most of the major banks in Egypt like National Bank of Egypt (NBE), Banque Misr, Alex Bank,[13] Banque du Caire, Commercial International Bank (CIB), and other Egyptian banks.[7][2] The Meeza card products also include contactless cards for point-of-sale outlets supporting them.

References

  1. ^“Meeza cards free in several banks until November 1: ministry”. Egypt Independent. Retrieved 29 December 2019.
  2. ^ Jump up to:ab c “Egyptians must use e-payment for all govt services and fees from May”. Al-Ahram. Retrieved 29 December 2019.
  3. ^“Egypt ushering in e-payments”. Al-Ahram. Retrieved 29 December 2019.
  4. ^“Meeza Products”. Egyptian Banks Company. Retrieved 28 December 2019.
  5. ^“The United Bank launches electronic payments through the national card “Meeza””. The United Bank. Retrieved 29 December 2019.
  6. ^“Egypt’s banks issue 3.2mln Meeza cards until end of October”. Zawya. Retrieved 29 December 2019.
  7. ^ Jump up to:ab “Meeza cards, the Egyptian national payment scheme push for financial inclusion in Egypt”. FinTech Egypt. Retrieved 28 December 2019.
  8. ^“CBE official: Banks issue 4m Meeza cards so far”. Egypt Today. Retrieved 28 December 2019.
  9. ^“Egyptian banks issued 4mln Meeza cards: CBE official”. Zawya. Retrieved 29 December 2019.
  10. ^“طريقة الحصول على كارت “ميزة” مجانًا ضمن مبادرة الشمول المالي”.مصراوي.كوم. Retrieved 2021-01-05.
  11. ^“Souq.com (an Amazon company) accepts Meeza cards for online purchases”. Souq.com. Retrieved 29 December 2019.
  12. ^“CIB Meeza Prepaid Cards”. Commercial International Bank (CIB). Retrieved 29 December 2019.
  13. ^“Meeza prepaid cards by Alex Bank”. Alexbank.com. Retrieved 29 December 2019.

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