CAIRO, May 22, 2018 - Information and Communication Technology Minister Yasser el-Qadi discussed on Tuesday with a delegation from Visa International, led by the company's general manager for the Middle East and North Africa Marcello Baricordi, means to activate a memorandum of understanding that was previously inked between both sides. The MoU aims to enhance the infrastructure connected with boosting the digital economy and implementing a new system of payment cards to ease offering services to citizens. During the meeting, el-Qadi asserted the government's keenness on establishing partnerships with the world companies to achieve financial inclusion and build a digital economy via upgrading the system of the financial services to cope with the latest global techniques, said a statement by the ministry on Tuesday. Both sides discussed plans of action to implement the MoU and Qadi reviewed the Egyptian ministry's vision on the importance of transferring know how and expertise to the Egyptian cadres as part of a strategy that aims to turn Egypt into a regional hub for digital payment technologies. For his part, Baricordi stressed that his company regards Cairo as a strategic partner and places the Egyptian market on its list of priorities, commending the Egyptian government's positive efforts to spread the culture of e-payments and achieve financial inclusion. He asserted Visa's readiness to fully contribute to boosting technological infrastructure needed to activate the digital economy and upgrade services offered to citizens.
