Banque du Caire close to issuing 450k “Meeza” debit cards

Banque du Caire has begun issuing “Meeza” debit cards, CEO Tarek Fayed said, according to Al Mal. The state-owned bank plans to issue 450,000 cards this year, Youm7 reports. Banque Misr and the National Bank of Egypt began issuing the state-backed debit card last month. The central bank had said last year that it plans to roll out Meeza to encourage financial inclusion and Egypt’s transition to becoming a cashless society. The card comes as part of the government’s e-payments drive and will make state benefits available electronically to pensioners, civil servants, and subsidy recipients.