“e-Finance” partners with “Al-Qawmia Insurance” and “Banque Misr” in activating the electronic collection of insurance

The financial institutions operating technology company, “e-Finance”, signed a cooperation and partnership agreement with the National Social Insurance Authority and Banque Misr, to activate electronic collection mechanisms for various entities with the aim of facilitating the citizens, including the categories of business owners, the insured, pensioners and beneficiaries, allowing electronic payment of insurances by card. Credit or electronic wallet without any cash trading or manual intervention.
Ibrahim Sarhan, Chairman of the Board of Directors of “e-Finance” Group for Financial and Digital Investments, which owns the financial facilities operating technology company “e-Finance”, stated that the group and all its subsidiaries have made great strides in supporting and promoting digital transformation in all sectors in cooperation with ministries, government agencies and private institutions.
He added that the “e-Finance” group also succeeded in deepening its pioneering digital role in serving the Egyptian banking sector to transform into a cashless society, in addition to the digital transformation efforts that the group led in the insurance sector within Egypt’s Vision 2030, and today the group is also proud to take a new step towards digital transformation. The comprehensive joint venture between the banking sector and the insurance sector, as they are the most widespread sectors and the most interactive with all citizens.
Ibrahim Sarhan, Chairman of e-Finance Group, said that this step comes as a continuation of the successes the group has achieved with the National Social Insurance Authority and Banque Misr in the areas of electronic payment and collection, targeting digital transformation and financial inclusion.
Major General Gamal Awad, Chairman of the Board of Directors of the National Social Insurance Authority, stated that this joint cooperation comes in conjunction with the Authority’s preparation to launch the new information system, which achieves the principle of separating service provision from its implementation in order to achieve the principles of governance, improve performance, and neutralize the human element, in addition to expanding the provision of services and electronic payment. From the authority’s digital platform.
For his part, Mohamed Al-Atrabi, Chairman of the Board of Directors of Banque Misr, said that signing the protocol is an enhancement of the bank’s pioneering role in supporting the Egyptian economy and in line with the state’s direction towards strengthening the digital transformation system in various government services. It is also considered a continuation of the successes of Banque Misr in the field of providing electronic payments in various sectors. Areas that are in line with Egypt’s Vision 2030.