State's employees' payment cards, which are used to withdraw cash or repay governmental dues, will be totally replaced by the pre-paid "Meeza" cards within a year, Minister of Finance Mohamed Maait announced on Tuesday.
Meeza cards will allow employees to deposit and withdraw cash, transfer payments, and repay governmental dues using casheless methods and the online point of sale (PoS) system, according to Maait.
The minister also noted that meeza cards will provide an in-advance monthly salaries withdrawal service — 30 percent of the total salary — for the state’s employees that will be for free for the first six months of using these cards.
This service will be used only in purchasing operations through the PoS and online shopping without allowing to withdraw the salary in cash, according to Maait.
He added that 37,000 Meeza cards have been issued through the first and second pilot phases under the presidential directives of gradual transition to “Digital Egypt”, a national project that aims to adopt digital transformation in all state bodies.
Head of finance sector, supervisor of the electronic payment and collection unit at the ministry of finance Emad Abdelhamid said that the ministry started to adopt the digital transformation in 2007, through which contributing to the integration between the monetary and fiscal policies of the state, and achieving the Egypt 2030 vision.
In September, the National Bank of Kuwait (NBK) Egypt inked a cooperation protocol with the Egyptian Banks Company for Technological Advancement SAE (EBC), allowing NBK Egypt to launch the meeza prepaid card.
Through this action, NBK will be the second bank operating in Egypt to launch meeza cards after the National Bank of Egypt (NBE).
In October, the ministry of finance switched 28,000 state employees’ payment cards to Meeza under the second pilot phase.
Director of the electronic payment and collection unit at the finance ministry Dalia Fawzi revealed that Banque du Caire, the NBE, Misr Banque, the Housing and Development Bank, the Arab African International Bank, Emirates NBD, the Arab Banking Corporation, the United Bank, the Commercial International Bank, and Egypt Post are participants in implementing the second pilot phase.