National Bank of Egypt

National Bank of Egypt is listed in the official register of the Central Bank of Egypt as a bank licensed for e-commerce acquiring. The regulator also lists it among the banks offering point-of-sale acceptance, which makes it one of the established merchant acquirers in the Egyptian market.

Services The services identified are merchant acquiring, POS terminals and e-commerce acceptance. A business can therefore take card payments both in person and on a website through the same bank, which suits retailers that operate across channels.

Regulation The Central Bank of Egypt is the relevant regulator, and its published list is the basis for the statement that the bank is permitted to provide e-commerce acquiring. This is stronger evidence of authorisation than a statement from the bank alone, although it does not describe the commercial offer itself.

What to clarify Commercial tariffs, merchant discount rates, card schemes accepted, settlement timing and onboarding criteria are not set out. A merchant should ask the bank for a written offer covering fees, chargeback handling, the technical integration route for e-commerce and the documents needed for registration.

Who it suits The acquiring service suits Egyptian merchants, online shops and service providers that want a licensed local bank for card acceptance and prefer to use a national institution for both POS and online payments.