Egypt is a great example of financial inclusion in the region and across the world, according to Stephen Kehoe, Visa Senior Vice President for Financial Inclusion. Kehoe told Daily News Egypt that efforts exerted by the government to electronify payments and services offered to citizens will certainly pay off in the near future.
Moreover, he said Visa wants to assist Egyptian society in moving towards financial inclusion. Visa has signed a memorandum of understanding (MoU) with the Federation of Egyptian Chambers of Commerce (FEDCOC) to encourage the acceptance of debit cards and other electronic payments by cash-intensive SME merchants in Egypt, in addition to announcing three milestone partnerships at this year’s Cairo ICT that will seek to increase the adoption and acceptance of electronic payments in the market.
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