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Tripartite Collaboration Protocol Concluded between Banque Misr, E-Finance and Al-Azhar to Support an Electronic Collection System for Students and Employees.

In alignment with the Egyptian state’s drive towards electronic payment and collection systems; and the political leadership’s directives for activating digital transformation of all government services, E-Finance, Banque Misr and Al-Azhar announced the conclusion of an agreement for activating electronic payment and collection transactions at Al-Azhar. The protocol was signed by Mr. Moataz Galal Metawee – Head of Cards Business, Payments and E-channels at Banque Misr, Mr. Ismail Elsayed Ahmed Ibrahim – Secretary General of the Supreme Council of Al-Azhar and Mr. Ibrahim Sarhan – Chairman and CEO of E-Finance; in the attendance of distinguished leaders representing all parties.

The protocol aims to offer electronic payment tools – such as via the website of Al-Azhar for the collection of charges and other entitlements – and to enable electronic collection, such as via banking cards or QR code. This is in addition to providing ATMs at Al-Azhar premises to facilitate transactions made by students and employees.

The signing of this protocol comes in light of Al-Azhar’s and Banque Misr’s keenness on supporting the transformation to a cashless society and the performance of all banking transactions conveniently. This is especially owing to the preference for social distancing and utilizing electronic services as a safe alternative to cash; specifically due to the current COVID-19 situation. These efforts also contribute to fulfilling the aims of financial inclusion as a national objective, in alignment with the policies of the National Council for Electronic Payments.

Banque Misr firmly believes that digital transformation has come to constitute a pivotal breakthrough in the global and local economies – especially in light of current conditions that have promoted the use of digital platforms and services. As such, the Bank has extended the spectrum of digital services rendered to customers, in addition to striving to launch the first digital bank in the Egyptian market.

Banque Misr always seeks to support digital transformation efforts by providing innovative electronic solutions that facilitate customers' needs,  in a way that contributes to providing banking and financial services in a seamless and advanced manner. The Bank consistently strives to improve its services, maintain its long-term success and effectively participate in offering services that fulfil the needs of its customers. This is since the values and strategies of Banque Misr reflect its commitment and dedication to sustainable development and to achieving prosperity for Egypt.