E-Finance to Launch EGP70mn New HQ in Smart Village by May

Big 5

E-finance, the First and Largest Electronic Payment and Collection Gateway in Egypt will finalise launching its new headquarters in Smart Village by next May.

In statements to Amwal Al Ghad, senior manager at e-finance Haitham Tarbeek said the new branch will serve the company’s expansion plans as the cost valued at EGP70 million.

E-Finance’s CEO Ibrahim Sarhan has previously explained that the company will build new headquarters on an area of 6000 Square meters at Smart Village, he added that his company’s capital reached EGP120 million since its inception and it has increased to EGP180 million.

E-Finance held yesterday press conference to introduce the new petroleum products smart card system.

The total numbers of smart cards which issued till now are 2.5 million and it delivered to citizens, the supreme commission of the projects decided distributing the specializing cards of phase I which estimated at EGP6 million, Khaled Abdel Ghany the project’s Manager said.

Meanwhile, E-Finance was incepted in 2005 to provide electronic payment and collection for government, and it is fully state-owned representing National Investment Bank (NIB) with 70% , National Bank of Egypt (NBE) with 10% and 10% to Banque Misr in addition to, 10% to Egyptian Banks Company (EBC).