By Hamed Mahmoud
Geidea has acquired the ” payment facilitator” license from the Central Bank of Egypt in co-operation 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 co-operation 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 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 organisations. 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.
