Mastercard’s Chief Product Officer Michael Miebach reaffirmed the company’s commitment to helping Egypt push forward public-private partnerships to drive economic development, in the American Chamber of Commerce’s ministerial panel discussion last week. “Effective public-private partnerships present a tremendous opportunity to drive sustainable and diversified economic development in the country. We have worked to blend our global programs with local experience to meet the needs of Egyptians and how they want to pay and be paid,” said Miebach. He also praised the National Council for Payments initiative, which he says is the first council of its kind in the world. He noted that the initiative reaffirms the Egyptian government’s firm resolve to advance financial inclusion in the country. “We will continue to draw on the right partners to solve real problems with products and solutions that further support Egypt’s continued economic growth,” Miebach added, according to a company statement (pdf).

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