Egypt’s government service e-bills grew in one year by 223 percent at the end of July, Minister of Finance Mohamed Maait said on Thursday.
Maait said 10 phases, started in May 2019, of the electronic collecting system have been carried out, including the installation of 17,000 ATMs nationwide.
He added that starting October university students may pay fees electronically to overcome crowding amid the ongoing COVID-19 crisis.
Maait noted that the increase in government service e-bills reflects the improvement in Egypt’s e-payment system, which helped in raising Egypt's rank in international indices, especially those focused on transparency and ease of doing business.
He added that the system is part of the Digital Egypt Project, contributing to a piecemeal shift to a non-cash economy, and enhances financial inclusion.
Maait said implementing regulations on the non-cash payment instruments law, which the cabinet approved recently, contributes to promoting e-payments in the public and private sectors. He added the ministry will give the bodies subject to the law a six-month period to reconcile by providing e-payment access to their clients.