Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    IWG accelerates Egypt expansion, plans 30 new flexible workspace centres in 2026    Redminds, Saudi Al Warda Group launch real estate alliance targeting EGP 20bn investments by 2026    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's gold reserves surges to $16.55b in October – CBE    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Iraq's PM says holding elections on schedule is a 'major event' for the state    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



ST signs agreement to build largest electronic payment and collection gateway in Egypt
Published in Albawaba on 24 - 02 - 2016

Sky Telecom (ST), the Dubai-based digital platform for ICT service providers and the consumer technology industry, has reached another important milestone in its MENA expansion plans following a series of new partnerships at the 2016 Mobile World Congress in Barcelona.
The company, which was launched in Dubai in 2014, aims to be the most complete and comprehensive digital platform in the region for ICT service providers and the consumer technology industry, allowing them to deliver value-based outcomes and capitalise on new revenue opportunities. In the UAE, Sky Telecom is partnered with mobile communications and technology providers as an enabling service for end-users.
As part of Sky Telecom's MENA expansion, the company signed a deal with e-finance, the first and largest electronic payment and collection gateway in Egypt, at 11am on February 22, 2016 in Barcelona's Euro Star Grand Marina Hotel, as part of the 2016 Mobile World Congress. The partnership will see the creation of Egypt's largest digital platform for e-commerce, services and e-government services. The new project is line with the Egyptian government's ICT 2020 strategy, which aims to transform Egypt into a digital Society, develop the ICT industry and establish Egypt as a global digital hub. The aim is to provide Egypt's population with convenient and secure access to e-government services, telecoms, utilities, and a range of complementary services from partner organisations on the platform.
"As the largest provider of e-services for the government and private sector in Egypt, we are enabling consumers to embrace the digital age, in terms of convenience, proximity and the range of services that they can access through this partnership," says Ibrahim Sarhan Chairman of e-finance.
As part of the deal, Sky Telecom will connect over 20,000 trusted retail outlets to the platform, which will be managed alongside e-finance's existing points of sale in gas stations and post offices across Egypt. In total, the partnership will include 40,000 points of sale in Egypt, managing in excess of an estimated EGP2 billion of transactions during 2016.
"We are able to provide end-consumers with products and services that, after extensive research, have shown to be a gap in the market," says Ali Kassab, CEO of Sky Telecom, who spoke at the press conference held on Tuesday in Barcelona. "We plan to fulfil consumers' needs in every aspect we find that revolves around telecommunications."
"The partnership between Sky Telecom and e-finance is a significant milestone on our road to connecting people to everything in the region," says Nasir Bin Butti Omeir Bin Yussif, Chairman of Sky Telecom.
Following on from the e-finance partnership in Egypt, Sky Telecom is also set to expand its presence throughout other regional markets. In Tunisia, Sky Telecom is in the process of enabling its platform to offer e-services connectivity to consumers across the country. In the coming months, the UAE will see Sky Telecom's trusted store programme rolled out across thousands of outlets, connecting customers with a wide range of e-services and consumer benefits. The project will be officially launched at GITEX 2016.


Clic here to read the story from its source.