The Finance Ministry began distributing almost 5 mn “Meeza” debit cards to public sector workers at the beginning of September as part of government efforts to increase financial inclusion, it said in a statement. Ten banks are participating in the scheme, including Banque Misr, the National Bank of Egypt, Banque du Caire, and CIB. The government originally planned for civil servants to begin receiving their salaries via Meeza at the beginning of August. It distributed some 18k point-of-sale machines to government entities and made it mandatory for government payments over EGP 500 to be paid electronically starting 1 May.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…