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Egypt

Meeza Digital

Scheme name: Meeza Digital

IIPS Type: Mobile money

Instruments: Debit EFT, E-money, Card

Channels: Agent, Branch, USSD, App, POS, ATM, QR, NFC

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

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CategoryMeeza Digital
Geographic reachDomestic
Geographic descriptionEgypt
Scheme governanceCentral Bank of Egypt
Settlement agentCentral Bank of Egypt
Participants - commercial banks23
Participants - MMOs29
Participants - non-bank PSPs60
Participants - MFIs0
Volumes 2021257,800,000
US$ Exchange Rate 30 April47.7787
Values 20215,598,729,141 USD
Values 202212,819,519,995 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 arrangementPayment system operator
Ownership modelRegulator-owned
Governance TypologyCentral bank
Scheme rules shared or publically available?No
Messaging standardProprietary
Types of proxy IDsMobile phone number; QR code
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceNo
CB governance involvementYes
Expanded use CasesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo
StatusAlmost at progressed level
Strengths/driversFulfilled progressed criteria except for pro-poor governance.
Areas of developmentAreas of development include enabling inputs of both banking and non-banking participants in the system decision-making.

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