Banque Misr inks agreement with Tatweer Misr to facilitate e-payments

Egypt’s second biggest state lender, Banque Misr has recently signed a partnership agreement with the real estate developer Tatweer Misr, a statement by the bank read on Sunday.

The agreement will see Banque Misr offer electronic payments solutions in smart cities owned by Tatweer Misr. The cities are part of six mega projects that are in different stages of planning and developing all over the county.

The protocol was signed by Akef El Maghraby, vice chairman of Banque Misr, and Ahmed Shalaby, CEO of Tatweer Misr, in the presence of a number of officials.

The projects include Il Monte Galala in Ain Sokhna,in Red sea region, Fouka Bay, D Bay and  Salt in Western North Coast, Bloomfields in East Cairo; an innovative multi-use residential project in Mostakbal City and  Rivers New Zayed in West Cairo. Tatweer Misr through these projects aspires to transform these cities into cashless- cities and offer its residents with the highest standards of safety and comfort.

Akef pointed out that the partnership comes in line with Banque Misr’s success in the field of e-payments and its efforts in boosting digital transformation in Egypt through presenting latest electronic solutions in smart cities.

Meanwhile, Shalaby stated that the recent agreement with Banque Misr comes within the framework of the company’s vision to build cashless societies that rely on technological methods in all financial transactions.