Egypt launches 5th phase of lump-sum export subsidy dues payment: Finance Minister
Application to new phase to run from 28 August to 15 September
Latest in Tag: payment Highlight
Latest in Tag: payment
Egypt Post launches cashless payment system
This comes within the framework of Egypt Post’s interest in applying the best technological solutions to all services and transactions using advanced technologies and integrated digital solutions to facilitate financial transactions.
CBE approves instant payment network regulations, to be launched in current quarter
Regulations aim to allow payments sent between accounts at different banks to be credited, debited instantly, says Rami Abulnaga
1,137 requests for lump-sum payment of export subsidy dues reviewed: Official
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.
Egypt eases payment terms for entities requesting medical supply through AUPP
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.
Investors can apply for lump-sum payment of export subsidy dues in November: Maait
The initiative has been designed to provide exporters with cash liquidity required to fulfil their obligations and preserve employment.
CBE allows banks to acquire uncapped stakes in payment companies
Banks to provide full data on the company to which they are contributing more than 5% of issued capital
Cabinet announces payment date of irregular workers aid’s 2nd tranche
Payment will be made from 26 April to 10 May
Consumer finance companies differ on CBE-offered loan payment delay
Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from September
Mastercard ups contactless payment limit to EGP 600
Company is championing efforts to increase contactless payment limits across MEA region
MPs urge postponing utility bill payment due to coronavirus
However, the Ministry of Electricity has rejected requests to postpone the payment of monthly utility bills.
Masary targets doubling POS to reach 150,000 POS end 2020, has 30% market share: Chairperson, CEO
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says CEO of Masary, Mohamed Nagy
CBE regulates banks transactions with technical payment aggregator, facilitators
Boards of directors shall ensure banks’ plans match reliance on these companies, analyze risk associated with these services
Period of inspections, payment for coded electricity meters extended for 2 months
Council of Ministers competent authority to open door to receive new applications: al-Far
Egyptian government has bold vision to develop, digitise its economy: Visa CEO
Migration to digital payments improves lives of individuals, spurs economic progress, prosperity
Mastercard announces roadmap for consistent contactless payments
Middle East, Africa recorded a 27-fold increase in contactless transactions in 2017
Transfast looks to expand in Egyptian market as it launches new cross-border payment platform
Company signs contracts with local banks, including CIB, United Bank, to facilitate money transfer
Jumia negotiates a number of banks to offer new payment solutions to buy online
We will soon launch the instalment service in cooperation with Aman Financial Services, says Safwat
Visa helps merchants easily adopt new, global specifications for QR code payments
Visa Ready Program simplifies onboarding for small and medium-sized merchants who want to deploy QR Code digital payments
Bee launches donation services for Misr El Kheir
Sacrifice cheques activated through Bee Mobile: Abu Khadra
Real estate developers offer properties with 0% down payment at Cityscape
Cityscape exhibition has grown by close to 10% in the current year, says exhibition director
mVisa to expand to Egypt and nine other countries
mVisa will allow merchants around the world to immediately accept digital payments
Devaluation came on time, solved deferral payment problems due to lack of foreign currency: Nissan
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 …
Egypt’s consumer spending amounts to $156bn: Visa general manager
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, …
Positive future for payment solutions in Egypt: MasterCard MENA division president
Egypt ranks high on mobile payments index
A15 partners with PayMob to boost electronic payment sector
40% more credit cards, 36% more debit cards in use since 2010, according to CBE
14 million citizens consume electricity without payment: cabinet
Government has installed new electric meters, but adherence to electrical code will not save unlicensed buildings from demolition
CBE Governor denounces media reports on Egypt delaying payment of foreign dues
The CBE covers the state’s requirements of the strategic and basic commodities, including petroleum, says Amer
$1bn deficit in payment balance in first 9 months of FY 2014/2015: CBE
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014
United Bank to allow paying taxes, customs through branches
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 …