Prime Minister Mostafa Madbouly discussed with Minister of Agriculture ElSayed ElKosayer the needed measures to link the Famer’s Card with Meeza e-payment services.
ElKosayer held several meetings with the Agricultural Bank of Egypt, e-finance, and the Egyptian Banks Company to develop the procedures needed to carry out the digital transformation. This is expected to have a significant impact on the services provided via the Farmer’s Card and maximise its benefits.
Madbouly emphasised the importance of the new system in supporting farmers, as it helps them jump on board with using technology to access their finance. It also has the potential to enhance the services provided to farmers.
ElKosayer said the electronic Farmer’s Card will be converted to a bank card with a smart chip according to the Meeza payment card’s technical specifications. The move will allow the farmers to obtain financial services provided by banks using the Meeza card, in addition to being able to make payments and other financial transactions.
The card will also help farmers easily obtain their allocated shares of subsidised fertilisers, pesticides, seeds and other agricultural requirements. ElKosayer added that the smart card system will facilitate the exchange of any financial dues to farmers, in exchange for supplying crops through ATMs without the need to return to Agricultural Associations.
The smart card system has been launched in six governorates including Gharbeya, Port Said, Assiut, and Sohag.