Visa and Egypt Agree to Establish Remittances Transfer Service ...Egypt

Visa inked a memorandum of understanding (MoU) with the Egyptian Banks Company (EBC), the technology arm of the Central Bank of Egypt (CBE), to streamline and improve the process of international remittances for Egyptians residing overseas, the financial services announced in a press release shared with Egyptian Streets on 11 February. “This strategic partnership is aimed towards enhancing the scope of instant payments and streamlining the reception of international remittances from Egyptian expatriates,” reads the press statement. The collaboration aims to leverage Visa’s “cutting-edge digital financial services and expertise” with EBC’s “advanced technological infrastructure” to provide Eg

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