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250% growth in E-government receipts: FinMin

The minister mentioned that the increase in E-government receipts showcases the strength of the country’s electronic payment and collection system

By: Business Today Egypt

Wed, Dec. 30, 2020

Electronic government receipts saw an annual growth of 250 percent, jumping from LE 1 billion to LE 4 billion, since the start of the pandemic states Minister of Finance, Mohamed Maait.

In a release on Wednesday, the minister mentioned that the increase in E-government receipts showcases the strength of the country’s electronic payment and collection system.

Maait added that executive regulations of the law regulating the use of non-cash payment methods aid in the further transformation of payment methods and electronic collection within government authorities, and extending the umbrella of non-cash payments to the public and private sectors.

Those addressed by the law and its executive regulations have until March 7 2021 to provide a cashless payment option for consumers and others who deal with them in all outlets for the collection of services at no additional cost.

He reiterated his statement that no additional fees will be collected from citizens when paying government dues electronically, indicating that the state treasury bears the commissions set for the electronic payment service through the collection machines.

 

Modernizing E-payments for Egyptian’s dues

The minister explained that 2020 saw the modernization of the citizen-paid mechanism, an e-payment method for government payments that are over 10 thousand LE.

This can be found at 4,000 post offices nationwide, in addition to Al-Ahly, Egypt, Cairo and Commercial banks International, Arab African International, Agricultural, Arab, Greek National, United Bank, Qatar National Al-Ahly, Odeh, Credit Agricole, Al-Ahly United, Suez Canal, Faisal Al-Islami, and H. S. B. C, Al-Masry for Export Development, and Al-Mashreq.

The mechanism was created and modernized to support citizens, especially those that live in remote villages and places who were forced to move to cities and governorate capitals to benefit from electronic collection services.

In cooperation with the banking sector, citizens can now pay government dues through electronic collection machines as an easier alternative while staying safe during the pandemic. The minister noted that through QR codes and e-wallets through mobile phones, citizens no longer need to use ATM cards or other methods.

Maait added that citizens with dues valued at more than LE 10 thousand, and do not have an electronic card that allows for large payments, can get a supply order for the amount to be paid and go to any of the banks or post offices part of the electronic payment and collection system. Citizens will then receive a payment receipt stamped by the bank or post office.

There are 17 thousand electronic collection machines (GPOS) in administrative authorities, the minister added, stating that they had completed 10 stages to activate the electronic payment and collection system.

Public university students can now pay tuition fees and other dues electronically easier with the development and employment of the machines in public universities with integrated digital databases.

The Minister of Finance stated that about 37,000 “Meeza” cards were issued during the first and second experimental phases, in line with presidential directives to gradually move to “Digital Egypt” as one of the drivers of economic growth, indicating that the ministry is racing against time to finish operating about 5 Millions of "Meeza" cards during the coming period.

 

Improving the system to improve business competitiveness

Maait highlighted that the system aims to reduce 20 percent of costs towards printing currency, 50 percent less time in performing services, and reducing long procedures.

This will positively reflect on Egypt's ranking in international indicators, including improving our competitiveness in the areas of business performance and transparency, he added, thus contributing to national income growth, employment rates and reducing inflation.