MasterCard, Visa Authorize E-Finance Card Centreas A Global Issuance Centre in Egypt, Middle East

Global MasterCard, Visa authorized E-Finance to issue and print e-cards for all banks and international financial institutions in Egypt.

  
MasterCard, Visa Authorize E-Finance Card Centreas A Global Issuance Centre in Egypt, Middle East
04 August 2015
A new step for the implementation of international projects for banks and global institutions with Egyptian hands
Cairo - Global MasterCard and Visa hailed the role played by E-Finance in the Egyptian market, by authorizing the company to issue and print e-cards for all banks and international financial institutions, members of both international organizations, through thecompany's card issuance center.

Ibrahim Sarhan, E. Finance Chairman, confirmed that the authorizationofthe company'sSmart Card Issuance Center as a global centerby international institutions like MasterCard and Visamatches the international quality standards in this field.This comes as a result of the efforts exerted by e-Finance over the past years and a step to enter international markets thathave a large share in the issuance, operating and implementation ofe-cards in any projects they have.

He added that with this international authorization, E-Financehas become the first company in its field in Egypt eligible for the issuance of all kinds of electronic smart cards forglobal Institutions such asMaster Card and Visa. These cards include debit, credit andprepaid cards(for salaries - installment - gifts), pointing out that the Smart E-Card Issuance Center of the company is equipped with state-of-the-art technology so that it uses all security means necessary to secure customer data.This process is doneaccording tothe latest modern techniques in compliance with theinternational accreditation certificate ofThe Payment Card Industry Data Security Standard(PCI). Payment cards are issued and printed in aninternally and externally secure environment according to international standards.The center is characterized by its newest technological infrastructureand its largest production capacity in the Middle East, which enables it to issueall kinds of electronic payment cards.

The production capacity of the center is the largest in the Middle East, where the center is to issue more than 4.5 million smart cards monthlyusing laser carving technology, considered the latest and most secure in this domain, said Mahmoud Kamal, E-Finance Director of Smart Cards Sector.He added that all organizations and global banks rely on this technology.

Ahmed Torky, Card Centre Manager, Says that E-Finance center, being qualified to issue smart cards for banks, will providehuge investments,previously defrayed by banks in establishing card centers and  infrastructure with the least level of production and lower quality. The company will have an active role in the provision of foreign currency used to import equipment and solutions used for establishing any of the other centers in banks, in addition to increasing the speed in global performance of servicesas well as better quality in implementation.

It is worth mentioning that E-Financeis the largest operator of the electronic payment systems in Egypt and the Middle East, with more than 600 employees in 27 governorates.The company has implemented a number of national projects that serve the community, most notably, the support and rationalization of petroleum products (Smart Card), pension disbursement, Takaful andKaramaof the Ministry of Social Solidarity projects,and many other projects aiming to achieve the progressand prosperityfor the Egyptian society.

-Ends-

About E-Finance
Our company provides state of the art electronic payment solutions and business integration &optimization services to the government and financial sectors in a secure environment according to the international security standards. E-Financeis the first and largest electronic payment and collection portalway in Egypt. Being a national company, E-Finance's shareholders are National Investment Bank (70%), National Bank of Egypt (10%), BanqueMisr (10%), and Egyptian Banks Company-EBC (10%).

For more information, visit www.efinance.com.eg

© Press Release 2015

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