Launch money transfer service via mobile phone in Egypt

[yota691]

Launch money transfer service via mobile phone in Egypt

06/13/2013 09:34

 

Vodafone announces, next Thursday, announced the launch of its money transfer service via mobile phone, and this at a press conference at the company's headquarters in the Smart Village.

 

 And wait for large segments of the mobile phone users in Egypt activating money transfer service via mobile, a community service would increase the boom trade in Egypt, according to the concerned telecom sector and information technology, which provides a new way for financial transactions without carrying cash, as reported trade and small business owners .

 

 The Minister of Communications and Information Technology Engineer Atef Helmy, had announced earlier that the National Telecommunications Regulatory Authority agreed to launch money transfer service via mobile phone, and after several years of negotiations in this regard, referring to the completion of all the technical procedures and legislative special service funds transfer via mobile phone.

 

 According to the Central Bank, there are laws and controls the conversion process will be organized, and the central bank will depend on the follow-up banks in the operation of such systems operations.

 

 And included the terms "Central Bank" to provide this service shall not exceed the amount of three thousand pounds a day, five thousand pounds per month up to a maximum, and that the electronic money stored on the hardware or electronic media, and be accepted as a means of payment by persons or other entities, as well as that it be replaceable just criticism of the Egyptian pound.

 

 Banks got "Ahly of Egypt, reconstruction and housing. BNP Paribas" the approval of the Central Bank to provide money transfer service via mobile, in collaboration with the companies "Vodafone, Mobinil and Etisalat."