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Egypt’s consumer spending amounts to $156bn: Visa general manager

Consumer spending in Egypt reached $156bn, though the use of electronic payments accounts for only 2% of that sum, general manager for Visa in North and West Africa Tarek Elhousseiny said. This small share of electronic payments in Egypt shows a great opportunity for everyone to work on the spread of this type of payment, …

Hossam Mounir

United Bank to allow paying taxes, customs through branches

The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …

Daily News Egypt