Algiers – Algeria Post has announced the commencement of a nationwide initiative to replace traditional Caisse Nationale d’Épargne et de Prévoyance (CNEP) savings books with CNEP-Poste cards. This move aims to bolster electronic payment adoption and improve access to digital financial services for citizens.
The replacement program affects all individuals currently utilizing the older CNEP Banque savings books. These account holders are required to visit the post office branch where their account was originally opened to initiate the exchange process.
How does the replacement work? Customers must present their CNEP savings book at their designated post office. Upon surrendering the book, customers will receive an official deposit receipt. This receipt allows them to continue conducting their financial transactions without interruption until their new card is issued. Importantly, the receipt also includes the password for the ECNEP platform, enabling customers to conveniently monitor their account and access digital services online.
The objectives of this initiative are multifaceted and aligned with the broader digitization strategy within the financial sector. The key goals include:
- Reducing reliance on paper-based savings books.
- Simplifying everyday transactions.
- Promoting the widespread adoption of electronic payments.
- Enhancing the security and speed of banking services.
Authorities are urging all holders of older CNEP savings books to promptly complete the exchange process to avoid potential disruptions to their financial transactions in the future, particularly as reliance on digital systems expands.
In summary, if you are a CNEP customer with a traditional savings book, replacing it with a CNEP-Poste card is now a necessary and free procedure, easily completed at the post office where you opened your account.
