MasterCard will expand electronic payment solutions in partnership with the Egyptian government by year-end, Al Mal reports. This will include allowing for electronic payments for government services as well as cash transfers. The expansion will include disbursing the cash subsidies through the Takaful and Karama programs electronically through cards.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…