Egypt is slowly undergoing a digital transformation

The Ministry of Finance in Egypt says the country is well on its way.
The Central Bank of Egypt
The Central Bank of Egypt


According to the Ministry of Finance in Egypt, the country is well on its way towards achieving digital transformation and attaining the goals of financial inclusion. 

This is thanks to the government's electronic payment and collection system. The system launched in May which made government services more accessible to the country's citizens at their actual prices. They were made available online, through payroll, bank, prepaid or credit cards said the ministry.

In fact, the ministry has provided all administrative bodies nationwide with e-collection systems. However, some of them have been found to be unused. The need to use the new systems is of utmost importance. But equally, any surplus equipment should be returned to the competent budget authority to avoid wasting public funds and exercise strict control over state investments.

Prepaid cards are now available free of charge at a number of banks until 1 November. This includes the National Bank of Egypt (NBE), Banque Misr, Bank du Caire (BdC), Agricultural Bank of Egypt (ABE) and the Commercial International Bank (CIB). In addition to this, the ministry also addressed citizens' payment of government dues. Any amount exceeding EGP 500 can now be paid at any of the 4,000 postal offices nationwide or any of the banks subscribing to the government e-payment system.

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