Arab Bank is One of the Pioneer Banks in Egypt to Launch Mobile Banking Services - Brief Article

Wireless Internet, August, 2001

The Arab Bank-Egypt and Euronet Worldwide announced that mobile banking services were launched to the bank's customers in June, featuring anytime, anyplace access to customer account information and personalized alerts on account activity.

Arab Bank, the largest bank in the Arab region, with locations in more than 27 countries, has chosen Egypt as their first location to offer mobile banking. This solution has been deployed in conjunction with Euronet Worldwide and Click GSM, the Vodafone subsidiary in Egypt. Euronet

Worldwide provides the comprehensive mobile banking software, which includes STK-based account access and a sophisticated event messaging solution that provides the customer with real-time alerts. Click GSM provides STK-based menus that the Arab Bank's mobile banking subscribers can use to easily perform banking functions from their GSM telephones.

Arab Bank-Egypt is launching both STK-based account access and event messaging services. Account access enables a customer to query their bank for account information, such as a balance or a mini-statement, or to perform functions, such as an intra-bank transfer, even across different currencies.

With event messaging, the bank communicates directly with the customer by sending account activity alerts, such as notification of deposit or of debit or credit card transactions. Additionally, the bank can send messages to clients, advertising new services or notifying them that cards are being delivered.