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Source:
الوطن
Android Phone Payments
The Central Bank of Egypt is nearing the launch of a bank card tokenization service for Android phones. The service creates a secure digital token instead of storing the original card details on the phone. To use it, customers add and activate their card through their bank’s app, then hold their phone near a contactless point-of-sale terminal and confirm the transaction using the method specified by the app. The service is not yet available. The first phase will be launched through banks’ apps in Egypt, while plastic cards will remain available alongside phone payments.
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