(3 minutes read)
· Egypt’s Minister of Finance Mohamed Maait said that e-government revenues registered an increase of 223% at the end of July compared to the same month a year ago
· This was mainly due to the continuous development efforts of the country’s electronic payment (e-payment) and collection system. That also shored up the competitiveness of the Egyptian economy
Egypt’s Minister of Finance Mohamed Maait said that e-government revenues registered an increase of 223% at the end of July compared to the same month a year ago. This was mainly due to the continuous development efforts of the country’s electronic payment (e-payment) and collection system. That also shored up the competitiveness of the Egyptian economy.
The minister told that continued efforts would be made to raise the efficiency of this advanced system to promote a cashless economy and for promotion of financial inclusion. Maait said that the executive regulations of the law regulating the use of cashless payment methods recently approved by the Council of Ministers contributes to laying the foundations for the transformation of electronic payment and collection methods.
Maait pointed out that there is a six-month period for the bodies addressed by this regulation to adjust and to provide means of acceptance of non-cash payment for those dealing with them in all outlets for the collection of services at no additional cost.
