CAIRO: MasterCard will help Egypt Post to digitalize its customers’ database and to offer electronic services, as part of bringing latest payment technology to Cairo, according to a Thursday MasterCard statement.
Egypt and MasterCard signed a Memorandum of Understanding Thursday to form a “strategic collaboration” driving “financial inclusion,” “maximizing government efficiency” and enhancing its “engagement with citizens.”
“This partnership highlights our commitment to Egypt and its people. It is 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,” Ajay Banga, MasterCard Chief Executive Officer, said in the statement.
Prime Minister Ibrahim Mahlab, who attended the signing, said “Egypt is looking forward to more cooperation with the company in qualifying human cadres so as to make the country become a pioneer in Africa in the digital information sector,” MENA reported.
On Wednesday, President Abdel Fatah al-Sisi discussed means to apply the International Business Machines’ (IBM) experience in IT solution on Egypt’s development projects with the corporation’s CEO Virginia Rometty.
Rometty had met with ministers of supply, electricity, social solidarity and scientific research to discuss its strategic plans on concentrating and expanding its business in Egypt.
IBM signed an agreement with the Egyptian IT Industry Development Agency in June 2014 to provide cloud computing expertise to several software companies.