​In line with its strategy to provide the financial and E- Payment services to all spectrums of customers in the society, The Commercial International Bank – Egypt (CIB) announced the official launch of the new “Smart Wallet” to the Egyptian market and unveiled its numerous privileges and the new innovative payment experience during a press conference held on January 13th, 2016 at the Four Seasons Hotel. The new service, offered in partnership with Master Card and Fawry, revolutionizes the traditional payment methods and grants the Bank’s customers an advanced, secure, faster and smarter experience that facilitates daily payment process.

The CIB Smart Wallet allows users to easily pay and buy directly over the mobile phones. Through few, simple steps in hand, customers can pay their bills (Mobile, DSL, Car License Renewal, electricity, etc.), recharge their mobiles, Send Money to any Smart Wallet holder instantly, cash-in/cash-out from CIB’s ATMs network, deposit/withdraw money from your Wallet from any Fawry Retailers, issue a secured card for online purchases with specified amount and simply perform normal purchases from a large list of registered merchants as a scanner is added to capture the merchant’s number automatically instead of writing it. Customers can also feed the wallet with money by choosing their linked CIB Debit, Credit or Prepaid card anytime and anywhere.

Commenting on the launch, Mr. Mohamed Farag, CIB Chief Digital Officer and Head of Global Transaction Services said, Launching the new service of Smart Wallet confirms the leadership of CIB in providing digital and innovative solutions and supports the government’s strategic direction to provide financial services to all factions of the society and accelerate the pace of economic growth by increasing the country’s GDP and introducing a simple payment method specifically for the unbanked segment.

Mr. Mohamed El Sabban, CIB Head of Digital Innovation said, The Smartphones’ steady growth in Egypt gives a great opportunity for the financial institutions to expand their financial services and target more segments.  In cooperation with strategic partners, CIB’s new product is expected to capture a high demand among all age groups due to the value-added services and the ease of use it provides.

For more information about CIB Smart Wallet​, Click on the below link


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