16 December 2017
visit www.avoka.com

MasterCard signs MoU with Egypt government to push financial inclusion

05 February 2015  |  3733 views  |  0 Source: MasterCard

The Egyptian Government, through the Ministry of Communications and Information Technology, and MasterCard today signed a Memorandum of Understanding (MoU) to help drive financial inclusion and maximize government efficiency.

The MoU was signed by H.E. Atef Helmy, Minister of Communications and Information Technology, and Ajay Banga, Chief Executive Officer at MasterCard, in the presence of H.E. Ibrahim Mahlab, Prime Minister of Egypt, and Richard Haythornthwaite, Chairman of MasterCard’s Board of Directors.

The partnership will see MasterCard bring latest payment technology innovations to market. In addition, the company will leverage its global experience working with governments across the world, to help the Egyptian government increase engagement with citizens.

H.E. Atef Helmy, Minister of Communications and Information Technology said: “Under the leadership of H.E. Abdel Fattah El-Sisi, Egypt has been undergoing a period of positive change. The President and Government of Egypt believe that Information and Communications Technology plays a vital role in supporting this change and helping us better serve our citizens. This collaboration with MasterCard will help the Government bring innovative new solutions to the Egyptian population.”

Ajay Banga, CEO, MasterCard and H.E. Atef Helmy, Minister of Communications and Information Technology, Egypt

Ajay Banga, Chief Executive Officer, MasterCard said: “This partnership highlights our commitment to Egypt and its people. It’s crucial for us to join forces with governments around the world to accelerate positive change for citizens. We have a long and rich history in Egypt, and we are excited about the opportunity to provide more Egyptians with access to financial services.”

MasterCard will also be working alongside Egypt Post to digitalize its customer base, and enable its 4000 branches to offer electronic value-added-services, employee trainings and expert-driven workshops. This will help Egypt Post transition towards cashless payment solutions through the use of mobile phones and credit cards, ultimately improving its services and enhancing convenience.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.niceactimize.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10422 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9879 views comments | 18 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7106 views comments | 19 tweets | 21 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6497 views 0 | 4 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
6399 views comments | 9 tweets | 9 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job