Bank of Cairo Amman and NeCash to boost electronic payments in Palestine
Cairo-Amman Bank and NeoCash signed a partnership agreement to expand electronic payment solutions in Palestine, aiming to support digital transformation and enable merchants to accept payments through POS (Point of Sale) devices and SoftPOS solutions on smartphones. These solutions allow customers to receive payments using contactless technology and electronic transaction reports, enhancing efficiency and reducing reliance on paper-based methods. The agreement seeks to expand the merchant base, promote financial inclusion, and decrease dependence on cash, in cooperation with local banks, to drive the transition toward a more efficient digital economy.
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