E-Finance Egypt Holds Conference for Petroleum Smart Cards System

E-finance, the First and Largest Electronic Payment and Collection Gateway in Egypt, will be holding today press conference, to introduce the new petroleum products smart card system.

CEO of E-Finance Ibrahim Sarhan said distributing petroleum products system is prepared and we are waiting the government’s decision to apply the system across republic.

The government is aiming preventing the smuggling of petroleum products and to control the exchange of petroleum products for individuals warehouses and power stations through unified system to prevent smuggling.

The Capital of E-Finance is EGP175 million, and it aims boosting it to EGP250 million in order to support the expansions in Africa and the Arab world.