Daily News Egypt

E-Finance, MCDR, NITD cooperate to launch electronic payment services - Daily News Egypt

Advertising Area




Advertising Area




E-Finance, MCDR, NITD cooperate to launch electronic payment services

E-Finance, a company specialising in the field of electronic payment and money collection, signed a protocol of cooperation with Misr for Central Clearing, Depository, and Registry (MCDR) and with Nile Information Technology and Dissemination (NITD) to activate the electronic payment for investors and brokerage firms for the first time in the Egyptian market. The protocol …


E-Finance, a company specialising in the field of electronic payment and money collection, signed a protocol of cooperation with Misr for Central Clearing, Depository, and Registry (MCDR) and with Nile Information Technology and Dissemination (NITD) to activate the electronic payment for investors and brokerage firms for the first time in the Egyptian market.

The protocol was signed by Ibrahim Sarhan, chairperson of E-Finance; Mohamed Abdel Salam, chairperson of MCDR; and Mohammed Omar, general manager of NITD.

The agreement aims to provide electronic payment services for investors and brokerage firms through the unified code of the stock market. The new system offers instantaneous reports showing details of all transactions. It also allows investors to transfer money at any time without going to the bank, not to mention the transfer of cash from one place to another. This ensures the implementation of required transactions of securities in a timely manner.

As for brokerage firms, the new system will allow only limited cash transactions and will ensure that the transferred money will arrive in the next working day without delay. In addition, the companies no longer need to keep large sums of cash in their headquarters, nor go to banks to deposit their cash.

Advertising Area




https://dailynewsegypt.com/2017/04/20/e-finance-mcdr-nitd-cooperate-launch-electronic-payment-services/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View