Banque Misr has announced a new cash transfer facility that relies on cell phone numbers, boasting the new service’s simplicity and full-scale availability across the country.
According to the bank’s declaration, the new service enables a subscriber to make cash transfers to other co-subscribers using their cell phone numbers via ATMs.The transfer involves the sending of numerical codes to the sender who forwards it to the recipient’s mobile phone number to finish the process.
Edited translation from Al-Masry Al-Youm