Egypt’s NBE, Al-Azhar University cooperate to issue Meeza cards for students

The National Bank of Egypt, largest state-owned lender, announced will be issuing Meeza debit cards for university students in cooperation with Al-Azhar University, with the aim of providing a comprehensive package of exclusive benefits, as well as services specially designed to suit their needs.

Vice Chairman of NBE, Yehia Abou Al Fotouh noted that the new cooperation with Al Azhar university is part of the bank’s strategic plan with regard to financial inclusion.

The Meeza system is part of Egypt’s strategy to digitise and foster financial inclusion.

Meeza cards are secured with contactless smart chips, facilitate cash withdrawals, deposit and transfer services from ATM machines, electronic purchases via the internet or electronic PoSs, and the payment of government dues electronically through a unified payment and collection system.

The cards also provide advance payroll services to state workers free of charge for a period of six months — starting from the beginning of the operation of these cards — allowing them to access 30% of the value of their salaries ahead of time for specific purchases.