Egypt and MasterCard to partner on digital ID programme
Egypt’s government has signed an agreement with MasterCard on a national ID programme that aims to see financial services made available to 54 million Egyptians.
Under the agreement, MasterCard will work with Cairo on a programme that links citizens’ national IDs to an existing national mobile money platform. The system will allow the government to issue digital ID cards which can be used to pay for a number of services including government fees, mobile bills, merchant purchases and domestic remittances.
The deal was signed by the government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard in Barcelona, Spain, where the Mobile World Congress is currently taking place.
“With Egypt’s mobile penetration rate at more than 100 per cent and an existing interoperable national mobile money platform, this collaboration with MasterCard will provide millions of Egyptians with access to an innovative, safe and simple way to conduct financial transactions using their national ID card” said Atef Helmy, Minister of Communications and Information Technology.
Ajay Banga, Chief Executive Officer, MasterCard, commented: “Financial inclusion is the foundation for economic growth that’s more inclusive, equitable, and sustainable. It is not only about how to better pay, and get paid, in situations where banking infrastructure is absent. It’s also about leveraging technology and access to resources so that communities can grow and achieve new things. We are proud and honored to announce this partnership with the Government of Egypt. We have a long and rich history with the country, and this partnership further highlights our commitment to Egypt and its future.”
Last November, Morpho (Safran) signed a contract with AOI (Arab Organisation for Industrialisation) Electronics to produce an Egyptian national eID card.