The Egyptian government is reportedly considering a collaboration with Visa, the US-based financial services corporation, to accelerate the digitalization of payments in the country. A delegation from Visa recently met with Ahmed Kamali, the Deputy Minister of Planning and Economic Development, to discuss potential cooperation. According to a statement from the ministry, the discussions took place within the context of Egypt’s Sustainable Development Strategy (SDS) 2030.
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Visa has been actively expanding its operations in the Middle East and North Africa (MENA) region in recent years. The company has launched a number of initiatives to promote digital payments, including partnerships with local banks and government entities. Visa’s involvement in Egypt’s payment digitalization efforts could help to further accelerate the adoption of digital payments in the country, which has been growing steadily in recent years.
