Meeza () is an Egyptian
electronic payment systems provider for domestic transactions within
Egypt
Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northe ...
. It is supported by the Egyptian government
and is regulated by the
Egyptian Central Bank and the national Egyptian Banks Company (EBC).
Meeza provides similar electronic payment services as
MasterCard and
Visa but can only be used locally inside Egypt.
History
Meeza was established in early 2019, to provide a national payment scheme supporting a
cashless society
In a cashless society, financial transactions are not conducted with physical banknotes or coins, but instead with digital information (usually an electronic representation of money). Cashless societies have existed from the time when human soc ...
in Egypt.
By the end of 2019, Meeza has issued about 4 million payment cards for use within the Egyptian network.
In October 2020, Meeza started offering free prepaid cards to Egyptians, which can be used locally and can not be used outside Egypt.
Products and services
Meeza produces
bank card
A bank card is typically a plastic card issued by a bank to its clients that performs one or more of a number of services that relate to giving the client access to a bank account.
Physically, a bank card will usually have the client's name, th ...
s and
mobile wallet applications for local transactions within Egypt. Meeza payment cards are accepted in merchandise stores and government organizations across Egypt,
in addition to online Egyptian
e-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...
websites.
Meeza issues both prepaid payment cards and bank account debit cards.
The cards are issued by most of the major banks in Egypt like
National Bank of Egypt (NBE),
Banque Misr
Banque Misr () or in English the Bank of Egypt is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha, Joseph Cicurel and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the ban ...
,
Alex Bank
Alex Bank is an Australian digital bank. It is based in Brisbane, Queensland.
The company was founded in 2018 by Simon Beitz and Craig Fenwick. It was granted a restricted authorised deposit-taking institution licence by the Australian Prude ...
,
,
Commercial International Bank (CIB), and other Egyptian banks.
See also
*
Payment service provider
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who ...
*
E-commerce payment system
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increa ...
References
External links
Official website
Telecommunications companies of Egypt
Financial services companies established in 2019
Egyptian_brands
Credit cards
Credit card issuer associations
Contactless smart cards
Online payments
2019 establishments in Egypt
Companies based in Cairo
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