28.5% of Egyptian banks provide mobile banking

With the increase of smartphones, customers can use new programmes, including “Mobile Banking”, which allows customers more choice in transferring funds and check their bank accounts.

A number of banks in Egypt have launched mobile “Banking Applications”, which provided certain services throughout the day.

Mobile Banking via smartphones has an important safety feature for users, providing compensation for losses resulting from fraud, which have occurred via fraudulent calls.

Banks also benefit from this service, as they are likely to attract new customer segments through making use of interest in technological tools including smartphones and social media.