As part of its ongoing commitment to supporting the Egyptian economy and aligning with Egypt's Vision 2030, Banque Misr continues to play a leading role in advancing electronic collection systems. In line with its digital transformation strategy, Banque Misr has signed a cooperation protocol with the Syndicate of Acting Professions on Wednesday, August 9, 2023. The protocol was signed by Mr. Mohamed El-Etreby, Chairman of the Board of Directors of Banque Misr, and Prof. Dr. Ashraf Zaki, President of the Syndicate of Acting Professions. The signing ceremony was attended by Mr. Ehab Dorra, Head of Branches and Retail Banking Sector at Banque Misr, Mr. Maged Abdallah, Head of Branches Sector at Banque Misr, Mr. Moataz Mutawa, Head of Retail Banking Sector at Banque Misr, Mr. Ahmed Bedeir, Undersecretary of the Syndicate of Acting Professions, Mr. Ehab Fahmy, Undersecretary of the Syndicate of Acting Professions, Mr. Ayman Azab, Treasurer of the Acting Professions Syndicate, Mr. Ashraf Tolba, Secretary General of the Acting Professions Syndicate, and Mr. Ali Kamalo, Member of the Board of Directors of the Acting Professions Syndicate, alongside other distinguished leaders from both the bank and the syndicate.

The protocol enables electronic collection through electronic points of sale (P.O.S) using the syndicate's members' cards, integrated with the electronic platform of the Syndicate of Acting Professions. Members can access the platform to pay their subscriptions, both domestically and internationally. The protocol also introduces the Payment Link service, allowing payment orders to be sent via text messages to the mobile phones of Acting Professions Syndicate members. Furthermore, an ATM machine will be installed at the Acting Professions Syndicate Club's headquarters to provide comprehensive services.

This protocol aligns with Banque Misr's commitment to bolster its position in electronic payments. As part of its digital transformation strategy, Banque Misr aims to introduce advanced technological services across its operations to simplify payment processes in Egypt. This is in line with the National Council for Electronic Payments' policies, which encourage the use of electronic means and channels for payments instead of cash. Banque Misr's goal is to evolve from a conventional bank into a leader of digital transformation in Egypt's banking sector. By embracing digital transformation elements, Banque Misr anticipates enhanced banking and financial services. The bank is dedicated to fostering agreements and partnerships that promote electronic payment solutions, thereby enhancing financial inclusion and serving all segments of society.

This protocol builds on Banque Misr's previous achievements in the electronic payment sector. The bank has taken the lead in offering electronic collection services through QR codes and supporting digital transformation by providing electronic solutions that enhance customer convenience. Banque Misr continues to expand the range of digital services offered to its customers.