The Central Bank of Egypt approves launch of ADIB’s Takka cards

Reuters Images

Holders of Takka cards will be able to seamlessly purchase products and pay in installments

Staff Writer, Arab Finance

March 29, 2023

PHOTO

The Central Bank of Egypt (CBE) has granted the final approval to Abu Dhabi Islamic Bank Egypt (ADIB) to launch Takka prepaid cards in cooperation with its arm ADI Consumer Finance and Meeza, according to an emailed press release on March 28th.

Holders of Takka cards will be able to seamlessly purchase products and pay in installments via more than 800,000 point of sale (PoS) machines in Egypt.

Takka cards marks a great launch of ADI Consumer Finance’s business in the Egyptian market, where it seeks to lead this emerging sector.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO