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Egypt
Meeza Digital
Scheme name: Meeza Digital
IIPS Type: Mobile money
Instruments: Debit EFT, E-money, Card
Channels: App, POS, QR, NFC, USSD, ATM, Branch, Agent
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Inventory & business services (B2B), Salaries & wages (B2P)
Inclusivity level: Basic
Year of establishment: 2017
System owner: Central Bank of Egypt
Overseer: Central Bank of Egypt
Operator: Egyptian Banks Company
Total Participants: 112
Volumes 2023: 1,023,600,000
Values 2023: 26,739,948,973 USD
Back to mapMore information about this topic| Category | Meeza Digital |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Egypt |
| Scheme governance | Central Bank of Egypt |
| Settlement agent | Central Bank of Egypt |
| Participants - commercial banks | 23 |
| Participants - MMOs | 29 |
| Participants - non-bank PSPs | 60 |
| Participants - MFIs | 0 |
| Volumes 2021 | 257,800,000 |
| US$ Exchange Rate 30 April | 47.7787 |
| Values 2021 | 5,598,729,141 USD |
| Values 2022 | 12,819,519,995 USD |
| Values 2023 not-on-us transactions (US$) | 26,739,948,973 USD |
| Values 2023 on-us transactions (US$) | N/A |
| Total value of instant payment transactions 2023 (US$) | 26,739,948,973 USD |
| Interoperability arrangement | Payment system operator |
| Ownership model | Regulator-owned |
| Governance Typology | Central bank |
| Scheme rules shared or publically available? | No |
| Messaging standard | Proprietary |
| Types of proxy IDs | Mobile phone number; QR code |
| Use of open APIs | N/A |
| QR code standard | N/A |
| Pro-poor governance | No |
| CB governance involvement | Yes |
| Expanded use cases | No |
| Minimum channel functionality | Yes |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | No |
| Recourse | No |
| Not-for-loss | No |
| Status | Almost at progressed level |
| Strengths/drivers | Fulfilled progressed criteria except for pro-poor governance. |
| Areas of development | Areas of development include enabling inputs of both banking and non-banking participants in the system decision-making. |
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