Cairo – Mubasher: Commercial International Bank – Egypt (CIB) on Tuesday announced the launch of Meeza prepaid cards.

The new cards are one of the initiatives launched by the National Council of Payments (NCP) to promote financial inclusion.

“CIB Meeza cards allow customers to withdraw cash from ATMs, conduct purchases and E-commerce transactions locally only,” said the bank’s website.

The EGX-listed bank is planning to issue 20 million new national payment cards within three years.

Earlier in May, CIB reported a 30.69% year-on-year increase in consolidated profits for the first quarter of 2019, recording EGP 2.64 billion.