The Federation of Egyptian Banks (FEB) proposed that the central bank ease know-your-client protocols for mobile microtransactions in a bid to expand the mobile banking sector, FEB head and CIB Chairman Hisham Ezz El Arab said at the Cairo ICT Expo, Al Masry Al Youm reports. Microtransanctions through mobile networks need only be tied to a user’s national ID, with larger transactions only requiring other banking documents.

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