Spectra Technology, which operates in the field of electronic payment, collection, and POS manufacturing, aims to supply about 90,000 POS for several banks, ministries, and e-payment companies in 2018/19, according to the company’s regional director for the Middle East and North Africa, Mostafa Morad.
Morad stressed that there is close cooperation with Egyptian companies working in the field of collection, and electronic payment and banks, in order to accelerate the financial inclusion initiative, adopted by the Central Bank of Egypt (CBE) and the government, to convert into a cashless community.
He added that the company coordinates with a number of electronic collection companies such as Bee and Khadamaty for the supply of machines and intelligent systems for electronic payment, which enhances the provision of the best services to citizens, and to maintain their rights and facilitate payments from anywhere through the company’s DRM system.
Furthermore, there is further coordination processes with the largest Egyptian banks to strengthen cooperation in the field of POS which support the Mezah national card, which the government aims to issue soon, according to Morad
He also indicated that interviews are underway with some electronic collection companies in order to agree on the final form of smart applications for electronic payment cards in banks.