Banque du Caire to allow credit card and loan repayments at Fawry outlets

Banque du Caire will now allow credit card payments and loan repayments to be done at Fawry outlets, Banque du Caire CEO Tarek Fayed said, according to a local source. This will facilitate the repayments of loans and bills without needing to have a bank card. Loans that can be repaid through Fawry include personal, mortgage and micro loans. Fayed said the move comes as part of the CBE’s financial inclusion and cashless payments initiatives.