Banque Misr Selects CR2s BankWorld ATM solution

Wednesday 20 October 2004 11:21 CET | News

Banque Misr, Egypts second largest bank, will implement BankWorld ATM to drive its ATM network.

With the addition of 120 new ATMs, Banque Misr is almost doubling its current channel offering, bringing the total number of ATMs to 300 throughout Egypt - a huge choice for its customers. Amongst the additional features, which Banque Misr will be offering are cash note acceptance and foreign exchange. Cash Acceptance allows customers to lodge bank notes via the ATM. The significant difference between this and usual cash acceptance methods is that the money is not lodged in an envelope, manually counted by a bank employee and then manually lodged to the account. Instead when lodged, it is counted by the ATM and then automatically and immediately credited to the customers account - all without human intervention. Banque Misr will also offer foreign exchange via the ATM. Customers will be able to exchange currencies such as US Dollars pounds and withdraw Egyptian pounds.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce