Egypt Daily News – Engineer Ayman Hussein, Senior Deputy Governor of the Business Technology Sector at the Central Bank of Egypt, stressed that the Pafix platform plays a pivotal role in exchanging visions and ideas about digital payments, which reflects the importance of technology in enabling citizens to access financial services easily and conveniently.
He added that the value of InstaPay transactions achieved remarkable growth to reach 1.2 trillion pounds, which confirms the success of digital transformation in Egypt.
He added during his speech at BAFEX today on the sidelines of the Cairo ICT exhibition that the value of Internet banking transactions recorded 7.5 trillion pounds, in addition to the increase in the volume of bank cards to 67 million cards, of which Meeza cards account for 40 million cards.
He stressed that the Central Bank seeks to keep pace with the rapid developments in digital transformation and paves the way for the emergence of new digital products and provides a good digital environment to keep pace with all technological developments and cybersecurity standards in the field of digital transformation.
He explained that as part of the transition towards a digital economy, the first digital platform for card numbering will be launched in the next few months.
He continued, “Based on the Central Bank’s efforts to keep pace with technology, many initiatives were launched for university students in Phenology and Digital Academy to qualify students and human cadres.”
He also pointed out that the growth of the banking sector portfolios for small, medium and micro enterprises grew by 388% from December 2015 until last June.
