{"id":624708,"date":"2018-09-17T04:11:37","date_gmt":"2018-09-17T04:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/"},"modified":"2018-09-17T04:11:37","modified_gmt":"2018-09-17T04:11:37","slug":"finmin-to-launch-new-national-system-for-e-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/","title":{"rendered":"FinMin to launch new national system for e-payments"},"content":{"rendered":"

<\/a> **#4 Is the Finance Ministry about to compete with the likes of <\/strong>Fawry<\/a><\/u><\/strong>? <\/strong>The Finance Ministry is planning to launch a new national electronic payments system that could see it roll out ATMs and point-of-sale (PoS) terminals at which people will be able to pay bills and fees for government services, sources close to the matter tell Al Mal<\/a><\/u>. Banks including the National Bank of Egypt and Banque Misr have already agreed to supply the PoS terminals to support the ministry\u2019s plans, as the government move to make e-payments mandatory as of January 2019 and continues to push policies for financial inclusion and a transitionto the cashless economy.<\/p>\n

A national debit card? <\/strong>The new system will also see state-controlled banks issue debit cards for the unbanked portion of the population for a nominal fee that will likely range from EGP 10-15, the sources add. This comes as Deputy ICT Minister Khaled El Attar tells the newspaper<\/a><\/u> that the ministry is in talks with the central bank about the possible roll-out of a new national card system<\/strong> that would allow citizens to pay for state services, receive social welfare and pension payments, as well as receive their healthcare benefits. The Finance Ministry had issued a statement on Saturday<\/a><\/u> saying that all government payments, including fines, would be settled electronically as of next year under the amended Government Accounting Act<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#4 Is the Finance Ministry about to compete with the likes of Fawry? The Finance Ministry is planning to launch a new national electronic payments system that could see it roll out ATMs and point-of-sale (PoS) terminals at which people will be able to pay bills and fees for government services, sources close to the […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624708","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"816eb5b2-df0e-499f-99f1-21c937df3b60","order":"0","is_powered_by":true,"section_story_id":"1674a629-e29e-4e25-ba10-e8d08c67085b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624693],"teaser":"","voice_url":""},"yoast_head":"\nFinMin to launch new national system for e-payments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin to launch new national system for e-payments\" \/>\n<meta property=\"og:description\" content=\"**#4 Is the Finance Ministry about to compete with the likes of Fawry? The Finance Ministry is planning to launch a new national electronic payments system that could see it roll out ATMs and point-of-sale (PoS) terminals at which people will be able to pay bills and fees for government services, sources close to the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-17T04:11:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin to launch new national system for e-payments\",\"datePublished\":\"2018-09-17T04:11:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\"},\"wordCount\":235,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\",\"name\":\"FinMin to launch new national system for e-payments - 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Pensioners will be among the first to\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":624763,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/finmin-to-issue-global-tender-for-company-to-implement-new-electronic-billing-system-once-e-payments-act-is-passed\/","url_meta":{"origin":624708,"position":1},"title":"FinMin to issue global tender for company to implement new electronic billing system once E-Payments Act is passed","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"FinMin to issue global tender for new electronic billing system: The Finance Ministry intends to issue a global tender to select a company to implements its new electronic billing system once the House of Representatives signs off on the new E-Payments Act, Minister Mohamed Maait said at a news conference\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":604368,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/e-payments-act-with-egypts-council-of-state-for-review\/","url_meta":{"origin":624708,"position":2},"title":"E-Payments Act with Egypt\u2019s Council of State for review","author":"enterpriseam admin","date":"2 December 2018","format":false,"excerpt":"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\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":571809,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/central-bank-of-egypt-to-finance-purchase-of-100k-pos-machines-this-year\/","url_meta":{"origin":624708,"position":3},"title":"Central Bank of Egypt to finance purchase of 100k POS machines this year","author":"enterpriseam admin","date":"1 June 2020","format":false,"excerpt":"CBE finances purchase of 100k POS machines: The Central Bank of Egypt (CBE) said it will finance banks\u2019 purchase and distribution of 100k new POS machines this year as part of a wider plan to expand the use of e-payment services, according to a circular (pdf). The CBE will give\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":600715,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/07\/finmin-to-make-e-payments-of-govt-fees-over-egp-500-mandatory-in-may\/","url_meta":{"origin":624708,"position":4},"title":"FinMin to make e-payments of gov\u2019t fees over EGP 500 mandatory in May","author":"enterpriseam admin","date":"7 February 2019","format":false,"excerpt":"The Finance Ministry will make electronic payment of gov\u2019t fees mandatory by early May for amounts exceeding EGP 500, according to a ministry statement. The ministry is planning to have installed by April some 22k ATMs and points-of-sale (PoS) across government service offices. 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