{"id":604368,"date":"2018-12-02T04:14:45","date_gmt":"2018-12-02T04:14:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/e-payments-act-with-egypts-council-of-state-for-review\/"},"modified":"2018-12-02T04:14:45","modified_gmt":"2018-12-02T04:14:45","slug":"e-payments-act-with-egypts-council-of-state-for-review","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/e-payments-act-with-egypts-council-of-state-for-review\/","title":{"rendered":"E-Payments Act with Egypt\u2019s Council of State for review"},"content":{"rendered":"

LEGISLATION WATCH- E-Payments Act with Council of State for review:<\/b> The final draft of the E-Payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, has been referred to the Council of State (Maglis El Dawla) for review, CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein said yesterday, according to Masrawy<\/a>. Once the council completes its review, the draft law will be shipped off to the House of Representatives for debate and a final vote. The entire process should take one or two months, Hussein said.<\/p>\n

Background: <\/b>The Madbouly Cabinet had signed off on the final draft in October<\/a>. The bill is expected to serve as a prerequisite for enacting the Finance Ministry\u2019s new billing and payments system<\/a> that would see it roll out ATMs and point-of-sale (PoS) terminals at which people will be able to pay fees for various government services, as well as introduce a new national debit card. The CBE-drafted act<\/a> would also grant incentives to anyone paying government service fees electronically, including discounts and, possibly, rebates, officials previously said.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- E-Payments Act with Council of State for review: The final draft of the E-Payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, has been referred to the Council of State (Maglis El Dawla) for review, CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein said yesterday, according […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1269,3790,72,290,180,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604368","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-council-of-state","tag-e-payments-act","tag-enterpriseam","tag-financial-inclusion","tag-legislation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a70b0c1-cc28-47c5-8019-7e4f07174913","order":"0","is_powered_by":true,"section_story_id":"88ef3af6-d062-4512-8ed1-bcaabc8b4f78","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604347],"teaser":"","voice_url":""},"yoast_head":"\nE-Payments Act with Egypt\u2019s Council of State for review - 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The House general assembly is kick the tires of the final bill \u2014 which seeks to guide\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628830,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/fra-sends-capital-markets-act-regs-to-council-of-state-for-review\/","url_meta":{"origin":604368,"position":3},"title":"FRA sends Capital Markets Act regs to council of state for review","author":"enterpriseam admin","date":"15 May 2018","format":false,"excerpt":"LEGISLATION WATCH- FRA sends Capital Markets Act regs to Council of State for review: The Financial Regulatory Authority (FRA) sent yesterday the final draft of the Capital Markets Act\u2019s executive regulations to the Council of State (Maglis Al Dawla) for review, FRA Vice Chairman Khaled El Nashar said, Al Mal\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598547,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/state-council-to-complete-reviewing-customs-and-smes-acts-this-week\/","url_meta":{"origin":604368,"position":4},"title":"State Council to complete reviewing customs and SMEs acts this week","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Maglis El Dawla to finalize review of draft customs and SMEs acts this week: The Council of State (Maglis El Dawla) is expected to finish reviewing the draft customs and SMEs acts this week and send them to Cabinet before Eid El Fitr, the local press reports. 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