Egypt: CBE Payment Cards' Tokenisation on Mobile Applications and Apple Pay Service
Progress
Current status
in force
12 Dec 2024 in force
Scope
Implementers
Egypt
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Implemented CBE Payment Cards’ Tokenisation on Mobile Applications and Apple Pay Service authorising contactless transactions
On 12 Dec 2024, the Central Bank of Egypt (CBE) implemented the Payment Cards’ Tokenisation on Mobile Applications and Apple Pay Service. The tokenisation service was introduced in collaboration with international payment providers (VISA, Mastercard…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank