It comes as part of the lump-sum payment initiative recently announced by the Egyptian government, to settle the delayed dues of companies with the fund.
Latest in Tag: payment Highlight
Latest in Tag: payment
The ministry’s move comes as part of the Egyptian government’s efforts to confront the novel coronavirus (COVID-19) pandemic, and to ensure that the full needs of the country’s health care system are met.
The initiative has been designed to provide exporters with cash liquidity required to fulfil their obligations and preserve employment.
Banks to provide full data on the company to which they are contributing more than 5% of issued capital
Payment will be made from 26 April to 10 May
Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from September
Company is championing efforts to increase contactless payment limits across MEA region
However, the Ministry of Electricity has rejected requests to postpone the payment of monthly utility bills.
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says CEO of Masary, Mohamed Nagy
Boards of directors shall ensure banks’ plans match reliance on these companies, analyze risk associated with these services
Council of Ministers competent authority to open door to receive new applications: al-Far
Migration to digital payments improves lives of individuals, spurs economic progress, prosperity
Middle East, Africa recorded a 27-fold increase in contactless transactions in 2017
Company signs contracts with local banks, including CIB, United Bank, to facilitate money transfer
We will soon launch the instalment service in cooperation with Aman Financial Services, says Safwat
Visa Ready Program simplifies onboarding for small and medium-sized merchants who want to deploy QR Code digital payments
Sacrifice cheques activated through Bee Mobile: Abu Khadra
Cityscape exhibition has grown by close to 10% in the current year, says exhibition director
mVisa will allow merchants around the world to immediately accept digital payments
The Japanese company Nissan, one of the top sellers in the Egyptian market, will participate in the third annual Egypt Automotive Summit to discuss the challenges currently facing the Egyptian market and what automotive companies will need from the government. Daily New Egypt interviewed Isao Sekiguchi, the managing director of Nissan Egypt, to understand …
Consumer spending in Egypt reached $156bn, though the use of electronic payments accounts for only 2% of that sum, general manager for Visa in North and West Africa Tarek Elhousseiny said. This small share of electronic payments in Egypt shows a great opportunity for everyone to work on the spread of this type of payment, …
Egypt ranks high on mobile payments index
40% more credit cards, 36% more debit cards in use since 2010, according to CBE
Government has installed new electric meters, but adherence to electrical code will not save unlicensed buildings from demolition
The CBE covers the state’s requirements of the strategic and basic commodities, including petroleum, says Amer
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014
The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …
In an exclusive interview with the Daily News Egypt, Magdy Hassan, Country Manager of MasterCard Egypt, highlighted the programmes and services the credit card provider offers. He also highlighted the “Road to Inclusion Report” adopted by MasterCard.
The entities partner up to produce cutting-edge technology that allows consumers to conduct daily transactions from their smartphones
Workers say their demands have not been met and protest outside the cabinet