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Tripartite Collaboration Protocol between Banque Misr, the Foreign Ministry and E-Finance to Support the Ministry’s Electronic Collection System

Feb 02, 2022 12:00 AM

On Monday, 31/01/2022, Banque Misr signed a collaboration protocol with the Foreign Ministry and E-Finance, in the attendance of H.E. Minister Sameh Shoukry – the Minister of Foreign Affairs, Mr. Mohamed El-Etreby – Chairman of the Board of Banque Misr, Mr. Ibrahim Sarhan – Chairman of the Board of E-Finance and Ambassador Yasser Reda – Assistant Minister of Foreign Affairs for Finance and Administration and Chief of the Minister’s Cabinet. The event was also witnessed by senior leaders representing the three parties to the protocol.

The protocol was signed by Mr. Akef El Maghraby – Vice Chairman of the Board of Banque Misr, Ambassador Yasser El-Shimi – Deputy Assistant Minister of Foreign Affairs for Finance and Mr. Ibrahim Sarhan – Chairman of the Board of E-Finance.

The signature of this collaboration protocol is in line with the Egyptian state’s strive towards activating electronic collection systems and the vision of Egypt 2030 for achieving digital transformation; as it provides electronic payment tools via the Ministry’s online platform. This allows applicants of diplomatic and consular appointment to register their data and submit their documents on the Ministry’s portal.

Worth noting is that Banque Misr Bank has been a pioneer in offering electronic collection services via QR Code and supporting digital transformation, by offering electronic solutions that facilitate customer transactions. This is with the aim of rendering more convenient and advanced banking and financial services, while expanding its offering of digital services and launching the first digital bank of its kind in Egypt.

The Bank consistently partakes in various initiatives and protocols that serve members of the community, with its values and business strategies reflecting a strong commitment to achieving sustainable development for the Egyptian economy.