Vritti August 2020 | Page 6

6 vritti August 2020 Changing Lives Digital self-registration in Egypt In Egypt to register for mobile money services, consumers had to visit a mobile money retailer, fill-in and sign the subscription form and verify themselves by showing the National ID. Consumers receive an SMS with temporary PIN. Consumers then have to login to the mobile money service and set a new PIN to start using their mobile wallet. The registration process is manual and requires customers to visit a retailer. However, in the wake of COVID-19 pandemic, the Central Bank of Egypt (CBE) allowed mobile money providers to offer a digital self-registration service, enabling consumers to register for mobile money services from the safe environment of their home. Taking cue from the central bank, mobile money services in Egypt – Orange Cash, Vodafone Cash and Etisalat Cash launched digital self-registration. Orange Cash was one of the first to launch digital self-registration in April 2020. The digital self-registration process is quick, convenient and hassle-free. Consumers have to access the Orange Cash service on mobile phone via #115# USSD menu or Orange Cash mobile application and simply enter their national ID and temporary PIN received via SMS. They further need to create a new PIN to start using Orange Cash services. Thus, consumers can subscribe to the Orange Cash service from their home without visiting an Orange retailer, preventing [1] potential health and hygiene risks . While the self-registration process is digital, it does not compromise on security. The consumers opting for self-registration get a temporary mobile wallet valid for 3 months and with a lower wallet balance limit of EGP 10,000 compared to the EGP 50,000 limit of permanent wallet registered via an Orange retailer. The consumers’ National ID should be the one registered with their mobile number. The consumers can only register for three wallets on one National ID. The consumers can upgrade temporary wallet to permanent wallet by visiting an Orange shop. Moreover, the consumers visiting an Orange shop, can book their turns in advance in the shop’s waiting lines and monitor their turn through “My Orange” mobile application while being at home. The consumers can request money from other users or cash-in at 10,000 ATMs or 100,000 Fawry outlets and 800 Orange shops across the country. Many daily wagers received government grants via Orange Cash service from the Ministry of Social [2] Solidarity . With money in their Orange Cash wallet, the consumers can transfer money to other users; recharge airtime and data for themselves and others; pay electricity, water, gas and mobile bills; and donate for noble causes, all from their home. Introduction of digital self-registration resulted in unprecedented growth in mobile wallet users not only for Orange Cash, but for entire mobile wallet ecosystem in Egypt. As per National Telecom Regulatory Authority (NTRA) of Egypt, the number of mobile wallets in Egypt have increased drastically by 1.2 million in only two months, from 12.3 million mobile wallets in March 2020 (registered in last seven years) to 13.5 million [3] mobile wallet in May 2020 .