123 (interbank network)

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Egyptian Banks Co. for Technological Advancement, SAE
123
IndustryBanking
Headquarters
Egypt
Footnotes / references
[1][2]

"123" is a shared cash network for the banking community in Egypt. It is provided by Egyptian Banks Co. for Technological Advancement (EBC).

Services[]

The "123" network links more than 30 Egyptian Banks supporting more than 1500 ATMs distributed all over Egypt. This network provides the banks' clients with direct access to their different accounts at any time and from anywhere through the ATMs carrying the "123" logo. This network is available 24 hours a day 7 days a week.

In addition, the "123" network is a gateway to MasterCard, Diners Club and American Express International networks. Moreover, it is linked to regional networks in the Persian Gulf states, NAPS in State of Qatar, Benefit in Kingdom of Bahrain and CSCBank SAL in Lebanon.

Benefits:

  • Convenience
  • Security
  • Helping to promote a cashless society
  • Enhanced debit and credit services
  • Source of revenue to banks

Member banks in the network[]

  1. Bank of Alexandria
  2. Banque du Caire
  3. (Misr Romanian Bank)
  4. Banque Misr
  5. National Bank of Abu Dhabi
  6. Piraeus Bank (Egyptian Commercial Bank)
  7. Faisal Islamic Bank of Egypt
  8. HSBC
  9. National Bank of Oman
  10. Al Watany Bank of Egypt
  11. Egypt Post
  12. National Bank of Egypt

References[]

  1. ^ "Egypt's central bank to support e-payments, fintech, and more". thepaypers.com. 17 March 2020. Retrieved 16 September 2021.
  2. ^ "MasterCard and EBC introduce Egypt's Mobile Payment Gateway" (Press release). Cairo, Egypt: MasterCard. 24 June 2013. Retrieved 16 September 2021.

External links[]

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