Mastercard mulls participation in Egypt’s national projects

CAIRO – 16 November 2017: American multinational financial services corporation Mastercard is looking forward to expanding its activities in Egypt through taking part in undergoing national projects, CEO of Mastercard Ajaypal Singh Banga said Thursday.

In a meeting with Prime Minister Sherif Ismail at the premises of the General Authority for Investment and Free Zones (GAFI), Banga praised the efforts exerted by the government to expand in using technological systems and applications, according to a cabinet statement.

Held for the purpose of discussing prospects of cooperation in electronic payment systems, the meeting was attended by Governor of the Central Bank of Egypt (CBE) Tarek Amer and ministers of communication, education and transport.

"Egypt is interested in expanding dependence on electronic payments to achieve high economic outcome, facilitate access to government services for citizens and upgrade dealings of state institutions," Ismail said.

The meeting also tackled using digital payment in services’ sectors such as health, education, transport and communication, especially in the New Administrative Capital.