By : Basel Khaled

Geidea has acquired the " payment facilitator" license from the Central Bank of Egypt in cooperation with the National Bank of Egypt “NBE”. In preparation for launching its services and spreading thousands of POS in Egypt to accept all types of card and QR payments.

Under this cooperation and after the entitlement of the "payment facilitator" license, Geidea will provide its partners an integrated payments acceptance service to support the National Bank of Egypt partners from merchants and small & medium enterprises.

This service aims to increase the number of electronic terminals in various locations around the Arab Republic of Egypt according to the direction of the Egyptian government to achieve the digital transformation and financial inclusion plans.

Geidea appreciates this cooperation with NBE; one of the most important banking pillars in the Egyptian financial sector. Geidea considers this cooperation as an ambitious step to fulfill its strategy in Egypt and contribute its full support in digital transformation; aligning with the initiative of the Central Bank of Egypt.

Geidea will unveil several distinguished payment services in cooperation with NBE to support the local market with smart payment solutions, including unique services that compete for the first time in the Egyptian market, as ongoing investment in advanced technologies and unique services that Geidea owns. As a leading company in payment services in the Middle East, and the fact that NBE has the largest market share of customer database in the Arab Republic of Egypt.

Geidea Technology is considered one of the leading companies in providing the latest payment technology services and integrated financial services for banks, enterprises, and merchants with various categories. Geidea was established in 2008 to support the market with payment services for giant banks and organizations. With More than 600,000 POS and with the number of operations exceeds 5 million transactions per day.

Geidea is currently expanding its services for various countries in MENA, Geidea Technology Egypt launched its work in the second half of 2020 to provide payment and financial services through unique technical solutions offered for the first time in the Egyptian market.