CBE has Activated the Direct Credit Service September 25, 2012

Within Central Bank of Egypt (CBE) effort to develop payment systems in Egypt, CBE has assigned Egyptian Banks Company for Technological Advancement (EBC) with the development of the Automated Clearing House (EG-ACH) system for Bulk small value payments, CBE has finalized the implementation of the interface with EG-ACH in order to be ready to receive Direct Credit transactions from EG-ACH participant banks.