Suspending Mobile Point-of-Sale Service for Collecting Donations for Charitable Organizations
| No: 371000119129 | Date(g): 20/8/2016 | Date(h): 18/11/1437 |
Translated Document
Due to the availability of information indicating the use of mobile POS devices to collect donations in markets, squares and mosques in the names of charitable organizations outside their headquarters and geographical scope through kiosks and mobile offices.
The Central Bank of Egypt (CBE) stresses that local banks should not grant charitable organizations and institutions mobile point of sale (GPRS) devices that allow their users to move around with them, and to cancel the services of all existing mobile devices and replace them with POS devices connected to the fixed (landline) phone of the facility within its headquarters only.