Commercial International Bank Egypt, or CIB, has announced the launch of the new Smart Wallet in the Egyptian market. The new service, offered in partnership with Master Card and Fawry, revolutionizes the traditional payment methods and grants the Bank's customers an advanced, secure, faster and smarter experience that facilitates daily payment process. The CIB Smart Wallet allows users to easily pay and buy directly over the mobile phones.

Through few, simple steps in hand, customers can pay their bills (Mobile, DSL, Car License Renewal, electricity, etc.), recharge their mobiles, Send Money to any Smart Wallet holder instantly, cash-in/cash-out from CIB's ATMs network, deposit/withdraw money from the Wallet from any Fawry Retailers, issue a secured card for online purchases with specified amount and simply perform normal purchases from a large list of registered merchants as a scanner is added to capture the merchant's number automatically instead of writing it. In cooperation with strategic partners, CIB's new product is expected to capture a high demand among all age groups due to the value-added services and the ease of use it provides.