Egypt’s Digital Leap: CBE to Launch Card Tokenization by 2025 ...Egypt

The Central Bank of Egypt (CBE) is set to introduce a card tokenization system in the first quarter of 2025, as announced by Ehab Nasr, Assistant Sub-Governor for Payment Systems and Services, during the 11th Digital Payments, Financial Inclusion, and Digital Banking (PAFIX) Conference. The conference, part of the Cairo ICT exhibition held from 17 to 20 November held the Egypt International Exhibition Center in New Cairo, highlighted Egypt’s advancements in digital payment systems. Card tokenization replaces traditional card numbers with temporary tokens stored on digital devices or platforms. This method enhances transaction security by ensuring merchants never access the actual card detail

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