Empowering Egypt's economy: IFC, World Bank spearhead private sector growth, development initiatives    QatarEnergy acquires stake in 2 Egyptian offshore gas exploration blocks    Al-Sisi inaugurates restored Sayyida Zainab Mosque, reveals plan to develop historic mosques    Shell Egypt hosts discovery session for university students to fuel participation in Shell Eco-marathon 2025    Chad faces growing food insecurity crisis amidst multiple challenges, UN warns    Germany's Lilium, Swiss firm expand to France    UNICEF calls for increased child-focused climate investments in drought-stricken Zimbabwe    S. Korea plans $7.3b support package for chip industry – FinMin    WHO warns of foodborne disease risk in Kenya amidst flooding    Egypt's CBE offers EGP 60b in T-bills on Sunday    CBE sets new security protocols for ATM replenishment, money transport services    EGP slips against USD in early Sunday trade    SoftBank's Arm to develop AI chips by 2025    Hurghada ranks third in TripAdvisor's Nature Destinations – World    Elevated blood sugar levels at gestational diabetes onset may pose risks to mothers, infants    President Al-Sisi hosts leader of Indian Bohra community    China in advanced talks to join Digital Economy Partnership Agreement    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



MasterCard, Visa authorise E-Finance to issue, print e-cards for banks and financial institutions
E- Finance's card issuance centre issues more than 4.5m smart cards monthly, using laser carving technology, says Kamal
Shaimaa Elise Published in Daily News Egypt on 04 - 08 - 2015

Global MasterCard and Visa authorised E-Finance to issue and print e-cards for all banks and international financial institutions, members of both international organisations, through the company's card issuance centre.
E- Finance Chairman Ibrahim Sarhan said that the authorisation comes as a result of the efforts exerted by E-Finance over the past years and a step to enter international markets that have a large share in the issuance, operating and implementation of e-cards in any projects they have.
Sarhan added that with this international authorisation, E-Finance has become the first company in its field in Egypt eligible for the issuance of all kinds of electronic smart cards for global Institutions, such as Master Card and Visa. These cards include debit, credit and prepaid cards (for salaries, instalment, or gifts).
Sarhan pointed out that the Smart E-Card Issuance Center of the company is equipped with the latest technology to be able to use all means necessary to secure customer data.
E-Finance Director of the Smart Cards Sector Mahmoud Kamal said that the production capacity of the centre is the largest in the Middle East.
Kamal added that the centre issues more than 4.5m smart cards monthly using laser carving technology, which is considered the latest and most secure, noting that all organisations and global banks rely on this technology.
Card Centre Manager Ahmed Torky said that through issuing smart cards for banks, E-Finance will provide huge investments, previously defrayed by banks in establishing card centres with the least level of production and lower quality.
Torky added that the company will have an active role in the provision of foreign currency used to import equipment and solutions for establishing the other centres in banks, in addition to increasing the speed in services performance.
E-Finance is the largest operator of the electronic payment systems in Egypt and the Middle East, with more than 600 employees in 27 Egyptian governorates. The company has implemented a number of national projects that serve the community, most notably, the support and rationalisation of petroleum products, pension disbursement, and many other projects.
E-Finance's shareholders are the National Investment Bank (70%), the National Bank of Egypt (10%), Banque Misr (10%), and the Egyptian Banks Company-EBC (10%).

Clic here to read the story from its source.