AAIB expands ATM service in Egypt

The Arab African International Bank (AAIB) expanded their ATM network in Egypt last week allowing customers to easily withdraw money or use “Fawry” bill payment service, the bank announced.

The action, which came under AAIB’s customer delight initiative, has brought the bank’s total number of ATMs to 286 across Egypt.

Fawry is a payment service available through banks, post offices and retail stores allowing users to electronically pay their bills. The value of annual financial transactions that take place through Fawry is currently placed at about EGP 4bn ($571m).

CEO Ashraf Sabry said that Fawry currently processes more than one million payments daily. The company’s machines are available in approximately 35,000 retail outlets and also at 4,200 ATMs, 1,300 post offices, and 15 banks.