CBE Enables Contactless Payments via Smartphones | The Middle East Observer

CBE Enables Contactless Payments via Smartphones | The Middle East Observer

The Central Bank of Egypt has enabled the rollout of contactless electronic payment services through a Software Point of Sale (SoftPOS) framework, allowing merchants to accept card payments directly on smart devices such as mobile phones and tablets, without the need for traditional POS terminals. Under the new framework, licensed banks and payment service providers […]

Egypt Introduces Contactless Payments via Smartphones

The Central Bank of Egypt (CBE) has launched a contactless electronic payment acceptance service for smart devices, including mobile phones and tablets, using Soft POS applications. The move is part of the CBE’s strategy to reduce cash usage, promote financial inclusion, and support Egypt’s Vision 2030. The service allows smart devices to function as electronic acceptance points, enabling merchants to receive payments from various contactless ca…

Central Bank of Egypt Launches Smartphone POS Service

Central Bank of Egypt launches smartphone POS service, enabling secure cashless payments and boosting digital transactions for small and micro businesses.