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Thursday, 7 February 2019

FinMin to make e-payments of gov’t fees over EGP 500 mandatory in May

The Finance Ministry will make electronic payment of gov’t fees mandatory by early May for amounts exceeding EGP 500, according to a ministry statement. The ministry is planning to have installed by April some 22k ATMs and points-of-sale (PoS) across government service offices. We picked up a Cabinet statement last November saying all transactions would have to go electronic by January, but the date seems to have been pushed back. The move is part of the ministry’s new billing system, and of the government’s plan to gradually transition towards a cashless, paperless economy.

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