Finance

4.2m playing cards transformed to Meeza in cooperation with 9 banks and Egypt Put up: Finance Ministry

The Ministry of Finance confirmed that 75% of the state’s staff have completed activating their Meeza nationwide authorities fee playing cards and that they’re able to disburse all their monetary dues, calling on the remaining staff to activate their Meeza playing cards.

Meeza is the newest world technological card with a nationwide model that achieves the very best ranges of insurance coverage and is likely one of the most necessary instruments for transitioning to a non-cash financial system and enhancing monetary inclusion within the new Egyptian Republic, which contributes to bettering the effectivity and effectiveness of presidency efficiency, bettering the standard of companies supplied to residents, and strengthening governance and transparency.

A press release by the ministry mentioned that Meeza playing cards are secured with contactless sensible chips, facilitate money withdrawals, deposit and switch companies from ATM machines, digital purchases through the web or digital PoSs, and the fee of presidency dues electronically by way of a unified fee and assortment system.

The playing cards additionally present advance payroll companies to state staff freed from cost for a interval of six months — ranging from the start of the operation of those playing cards — permitting them to entry 30% of the worth of their salaries forward of time for particular purchases.

Emad Abdel Hamid — Head of the Finance Sector and Supervisor of the Digital Fee and Assortment Unit on the Ministry of Finance — mentioned that no further charges are incurred whereas gathering authorities dues with Meeza, noting that 4.2m playing cards have been issued to disburse the dues of state staff at a fee of 98% in cooperation with Banque Misr, the Nationwide Financial institution of Egypt, the Housing and Improvement Financial institution, the Arab African Worldwide Financial institution, Emirates NBD, Banque du Caire, the Arab Banking Company, the United Financial institution, the Industrial Worldwide Financial institution, and the Nationwide Put up Authority.

He additionally identified that the ministry was eager to construct the digital fee and assortment system with well-established guidelines by way of many ministerial choices and periodical books with consideration to the technological infrastructure of gadgets and technique of communication, establishing databases, and techniques for managing digital fee and assortment operations, in addition to listening to coaching and qualifying human assets to take care of the newest automated techniques.

For her half, Dalia Fawzy — Director-Common of Digital Fee within the Workplace of the Minister of Finance — confirmed the ministry’s success in overcoming all of the challenges that surfaced throughout the experimental part of the system. She added that, within the occasion of a Meeza card being misplaced, the issuing financial institution ought to be contacted to difficulty a alternative card.



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