Banque Misr

Banque Misr is an Egyptian bank that offers merchant acquiring with POS terminals and business accounts. Its ElMongez Business product is an interest-free current account designed for micro-businesses in the commercial, industrial, service and agricultural sectors.

ElMongez Business

The account requires no minimum opening deposit. Depending on documentation, it provides a card, cheques and digital channels. The documentary requirements should be confirmed with the bank, since the application is only approved once the paperwork is complete.

Acquiring

The bank lists merchant acquiring and POS among its services. Source material does not specify card networks, merchant discount rates, settlement times or QR support, so a merchant should ask for a pricing sheet before comparing the bank with other Egyptian acquirers.

Clients

The target group is micro-businesses; larger companies should ask which corporate account package applies to them.

Who it suits

Small Egyptian traders, workshops, service providers and farmers who need a basic account without an entry deposit and want to accept card payments from the same bank, with the option of cheque-based settlements typical for local trade.