Pensioners will be able to receive their monthly payment through ATMs as of 1 September, Social Solidarity Minister Ghada Wali announced, Al Masry Al Youm reports. The move to make pension allowances available electronically comes as part of the government’s mobile payments strategy to improve financial inclusion.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…