Central Bank of Egypt tells banks to start preparing for ‘Meeza’ national debit card

CBE tells banks to start preparing for ‘Meeza’ national debit card : The central bank has told banks to put in place the technical infrastructure to support a national payments scheme that will roll out by year’s end, an unnamed bank official told Masrawy. The CBE asked banks to ensure that their ATMs and chip-and-pin machines would accept the “Meeza” debit card, the official said. Meeza is the national debit card the central bank is rolling out by year’s end as part of its push on financial inclusion and a cashless society. A CBE official had said that pensioners would be among the first to access state benefits through the cards, which would also be used to electronically deliver payments to civil servants and subsidy recipients.