{"id":624763,"date":"2018-09-18T04:19:17","date_gmt":"2018-09-18T04:19:17","guid":{"rendered":"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\/"},"modified":"2018-09-18T04:19:17","modified_gmt":"2018-09-18T04:19:17","slug":"finmin-to-issue-global-tender-for-company-to-implement-new-electronic-billing-system-once-e-payments-act-is-passed","status":"publish","type":"post","link":"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\/","title":{"rendered":"FinMin to issue global tender for company to implement new electronic billing system once E-Payments Act is passed"},"content":{"rendered":"<p><strong>FinMin to issue global tender for new electronic billing system:<\/strong> 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 <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/09\/cbe-completes-draft-of-new-e-payments-act\/\">new E-Payments Act<\/a>, Minister Mohamed Maait said at a news conference yesterday, <a href=\"http:\/\/almalnews.com\/Story\/389765\/14\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D8%A7%D8%AE%D8%AA%D9%8A%D8%A7%D8%B1-%D9%85%D9%86%D9%81%D8%B0-%D8%A7%D9%84%D9%81%D8%A7%D8%AA%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D8%A5%D9%84%D9%83%D8%AA%D8%B1%D9%88%D9%86%D9%8A%D8%A9-%D9%82%D8%B1%D9%8A%D8%A8%D8%A7-\">Al Mal reports<\/a>. The CBE-drafted bill, which is expected to be <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/13\/e-payments-act-to-grant-incentives-to-those-looking-to-pay-for-govt-services-electronically\/\">presented to the House<\/a> when it reconvenes next month, is part of the government\u2019s plan to gradually transition towards a cashless, paperless economy. Ernst & Young is <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020-2\/\">currently working on the details<\/a> of the tender, Maait said, hinting that we can expect more regulatory and legislative changes to support the transition. Two unnamed companies, one each from China and Japan, were tapped to conduct early tests of the system, <a href=\"http:\/\/almalnews.com\/Story\/389771\/14\/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%B4%D8%B1%D9%83%D8%AA%D8%A7%D9%86-%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D9%88%D9%8A%D8%A7%D8%A8%D8%A7%D9%86%D9%8A%D8%A9-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A7%D9%84%D9%81%D8%A7%D8%AA%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D8%A5%D9%84\">Maait added<\/a> without elaborating.<\/p>\n<p><strong>The central bank plans to issue 20 mn national debit cards between January 2019-December 2021, <\/strong>the central bank\u2019s Sub-Governor for Payment Systems and Business Technology, Ayman Hussein, <a href=\"https:\/\/www.youm7.com\/story\/2018\/9\/17\/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%89-%D9%86%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-20-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%A8%D8%B7%D8%A7%D9%82%D8%A9-%D8%AF%D9%81%D8%B9-%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9\/3953258\">tells Youm7<\/a>. We <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/\">reported yesterday<\/a> that the Finance Ministry was preparing to roll out a national debit card through state-owned banks as part of its new e-payments system, which will also include ATMs and point-of-sale (PoS) terminals at which people would be able to pay bills and fees for various government services.<\/p>\n<p><strong>E-signature system also in the pipeline: <\/strong>On a related note, state-controlled IT security solutions provider <a href=\"https:\/\/www.egypttrust.com\/solutions\/digital-signature-certificate\/\">Egypt Trust<\/a> is spinning up a digital signature system that would allow the online applications for national ID cards and birth certificates. The e-signature, which would use a unique serial number identifier for each user, would cost around EGP 700 to issue, according to<a href=\"http:\/\/almalnews.com\/Story\/389756\/17\/%D8%A5%D9%8A%D8%AC%D9%8A%D8%A8%D8%AA-%D8%AA%D8%B1%D8%A7%D8%B3%D8%AA-%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%A7%D9%84%D8%A3%D8%AD%D9%88%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%AF%D9%86%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%AA%D9%81%D8%B9%D9%8A%D9%84-%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A8%D9%88%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D9%84%D9%83%D8%AA%D8%B1%D9%88%D9%86%D9%8A%D8%A9\">Al Mal<\/a>.<\/p>\n<p><strong>Background: <\/strong>The push for digital transition and financial inclusion policies comes as the government moves to make e-payments mandatory in January 2019 and <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/13\/e-payments-act-to-grant-incentives-to-those-looking-to-pay-for-govt-services-electronically\/\">grant incentives<\/a> for their use. The House had approved <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/26\/house-approves-legislation-to-channel-5-15-of-slush-funds-to-state-coffers\/\">amendments to the Accounting Act<\/a> that ban the use of paper cheques for transactions above a set threshold and <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/12\/finmin-launches-new-digital-platform-to-monitor-government-transactions\/\">make it mandatory<\/a> for all government transactions to be electronic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 yesterday, Al Mal reports. The [&hellip;]<\/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-624763","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"952d5c7b-ba5e-4f35-8ad1-1b33983d9ccf","order":"0","is_powered_by":true,"section_story_id":"556f9530-4687-4efb-94ab-fb20a48d5720","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624747],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FinMin to issue global tender for company to implement new electronic billing system once E-Payments Act is passed - 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\/18\/finmin-to-issue-global-tender-for-company-to-implement-new-electronic-billing-system-once-e-payments-act-is-passed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin to issue global tender for company to implement new electronic billing system once E-Payments Act is passed\" \/>\n<meta property=\"og:description\" content=\"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 yesterday, Al Mal reports. 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The ministry placed the draft up on its website to invite public comment\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":574214,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/finmin-tasks-ernst-young-to-prepare-electronic-billing-and-taxation-platform\/","url_meta":{"origin":624763,"position":1},"title":"FinMin tasks Ernst &#038; Young to prepare electronic billing and taxation platform","author":"enterpriseam admin","date":"2 September 2020","format":false,"excerpt":"The Finance Ministry tasked Ernst & Young with building its new electronic billing and tax payment platform \u2014 the mechanism through which companies and individuals will be filing their taxes, unnamed sources told the local press. The move to a new platform is provided for by the Unified Tax Act,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":624763,"position":2},"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. We picked up a Cabinet statement last\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":605286,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/finmin-looking-to-automate-stores-sales-disclosures-vat-owed-to-tax-authority\/","url_meta":{"origin":624763,"position":3},"title":"FinMin looking to automate stores\u2019 sales disclosures, VAT owed to Tax Authority","author":"enterpriseam admin","date":"27 December 2018","format":false,"excerpt":"EXCLUSIVE- FinMin looking to automate retailers\u2019 disclosures of sales, VAT to Tax Authority: The Finance Ministry is looking to outfit major retailers, shopping malls, and auto showrooms with devices that would automatically the relay of sales data to the Tax Authority, a senior government official tells Enterprise. The move is\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":624708,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/finmin-to-launch-new-national-system-for-e-payments\/","url_meta":{"origin":624763,"position":4},"title":"FinMin to launch new national system for e-payments","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"**#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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":625793,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/cabinet-postpones-survey-of-countrys-real-estate-assets-to-2020\/","url_meta":{"origin":624763,"position":5},"title":"Cabinet postpones survey of country\u2019s real estate assets to 2020","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"CABINET WATCH- The Finance Ministry will be postponing its survey and appraisal of the country\u2019s real estate assets to December 2020 from 2018 under amendments to the real estate tax code approved by the Madbouly Cabinet at its weekly meeting yesterday. The move means to give the Tax Authority more\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=624763"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624763\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624747"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624763"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624763"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}