Government Payroll through cards
The project is a joint work of the Central Bank of Egypt and Ministry of Finance; it aims at paying monthly Salaries and all government employees payments through cards issued by Egyptian Banks. The project targets reducing the overall cost of paying salaries, and keeping money within financial system. The employees will benefit by having a bank account, access to all ATMs and POS terminals in Egypt and abroad, access to financial services, besides using cards is safe way to keep money without holding cash. The project targets issuing over 5 million cards for all government employees.
Banks contributing to the project are:
- National Bank of Egypt
- Banque Misr
- Housing and Development Bank
- Banque Du Caire
- Arab African International Bank