Banque Misr has signed a cooperation protocol with Modern Gas, an affiliate of the Ministry of Petroleum and Mineral Resources, in a move that mirrors the bank's keenness to roll out integrated banking solutions that meet the needs of various segments of society.

The new protocol aims to strengthen electronic payment services in line with the country’s digital transformation agenda, while facilitating citizens’ access to financial services. This initiative contributes to enhancing the customer experience, increasing the efficiency of the billing system, and upgrading the quality of services provided.

The cooperation protocol offers Modern Gas customers, particularly those with Banque Misr credit cards, interest-free instalment plans, with flexible repayment terms, ranging from 3 to 18 months. Customers benefiting from this service will, however, shoulder the administrative fees.

The new service will contribute to relieving financial burdens on customers and providing flexible payment solutions.

The protocol also includes setting the electronic billing services of Modern Gas in motion, through the installation of electronic Points of Sale (POS) terminals at the company's headquarters and branches, in support of the national push towards a cashless society and to enhance secure electronic payment methods.

The protocol also aims to extend a wide range of banking services and products to Modern Gas customers, including savings accounts, deposit accounts, personal loans, or Murabaha (via proxy).

These offerings will be provided in full compliance with Banque Misr's approved individual financing programmes, as well as all applicable procedures, terms and conditions.

The signing of the protocol comes within the framework of Banque Misr's keenness to strengthen strategic partnerships that serve the interests of customers, contribute to supporting the national economy and achieving the Sustainable Development Goals by providing advanced financial services and modern payment solutions in line with the requirements of the current stage.

Modern Gas is a leading player in Egypt's petroleum sector, delivering a comprehensive suite of services for natural gas distribution and related projects. The company holds an exclusive concession to supply natural gas across several governorates, including Sharqiya, Marsa Matrouh, North Sinai, South Sinai, Sohag, and Qena, as well as key areas, such as New Alamein, Madinaty, Badr City, and 10th of Ramadan City.

Modern Gas currently serves nearly 2 million customers and continues to grow steadily, adding between 100,000 and 150,000 new customer each year across the domestic, commercial, and industrial sectors.

As one of Egypt's leading financial institutions, Banque Misr remains fully committed to advancing the country's digital transformation agenda. By delivering innovative electronic banking solutions, the bank makes financial and banking services more accessible, significantly improves service quality, ensures long-term sustainable success, and reaffirms its pivotal national role in driving sustainable development and shared prosperity across Egypt.