“Madbouly” reviews the Central Bank’s strategy for cybersecurity, payment services and electronic collection
Amer: “Central” provides a lot of services as it is the arm of the state and implements many development programs
Sarhan: e-Finance has cooperated with the government on the employee salaries project, the pension fund, solidarity, dignity and the farmer’s card
Dr. Mustafa Madbouly, Prime Minister, said that the state is moving forward with the files of digital transformation, according to the directive of President Abdel Fattah El-Sisi, President of the Republic, to intensify efforts regarding the plan to transform into a digital government to provide the latest services to citizens in a simple and accessible manner, with what this requires of capacity building Necessary to use the best modern technology.
The Prime Minister held a meeting today; To review the strategy of the Central Bank of Egypt for cybersecurity, as well as reviewing the role of the company “e-finance” for electronic payment and collection services in the file of digital transformation.
Madbouly said: “These are very important files for the state in the current stage, which the central bank undertakes, thanking the Governor of the Central Bank and all its employees for the great tangible efforts that they are making in this regard, in light of extremely difficult circumstances witnessed by the whole world.”
Madbouly praised the efforts made by e-Finance in various sectors, which contribute to providing various electronic services and work to facilitate citizens’ access to them.
The meeting was attended by Tariq Amer, Governor of the Central Bank, Dr. Hala Al-Saeed, Minister of Planning and Economic Development, and Deputy Governors of the Central Bank: Jamal Najm, Rami Abu Al-Naja, Major General Ismail Jaber, Chairman of the Export and Import Control Authority, Amani Shams, First Deputy Governor of the Central Bank, and Major General Engineer Ahmed Abdel Hamid, Assistant Minister of Finance for Information Technology, Dr. Sherif Hazem, Deputy Governor of the Central Bank for Cybersecurity, Engineer Ihab Nasr, Assistant Deputy Governor for the Payment Systems and Financial Technology Sector at the Central Bank, Ibrahim Sarhan, CEO of E Finance, Mahmoud Hassan Chief Executive Officer of the Investment and Strategic Planning Sector.
The Governor of the Central Bank thanked the political leadership and the government for their continuous support to the Central Bank to enhance the capabilities of the institution, stressing that the Central Bank provides many services as the arm of the state, and continues to implement many development programs to improve the overall performance system.
During the meeting, Ibrahim Sarhan, CEO of E Finance, reviewed the history of the establishment of the company specialized in the field of electronic payment and collection, its efforts, and the most prominent government agencies cooperating with it since its inception in 2007, which included the ministries of: Finance, Social Solidarity, Planning and Economic Development. In addition to the Central Bank of Egypt, the Tax Authority, the Customs Authority, the General Authority for Egyptian Post, and the Egyptian General Petroleum Corporation.
Sarhan said that the programs in which eFinance cooperated with government agencies were the state employees’ salaries project, the pension fund, the Takaful and Karama program, the farmer’s card, and other programs.
He referred to the aspects of cooperation with the Ministry of Finance to launch the state budget in a fully automated manner during the fiscal year 2019-2020, as well as launching the Egyptian government financial network to provide secure and encrypted electronic exchange for all government financial operations to achieve electronic payment and collection processes through the unified treasury account and the electronic preparation and activation of the system Government financial management information in order to maximize the benefit of resources, control expenditures, and achieve principles of transparency and financial inclusion, with the aim of providing an improved set of digital services to the government, financial institutions and citizens.
Sarhan reviewed the values of electronic payments made through the e-payment platform of “e-finance”, including payments made through banks, electronic payment companies, Internet banking services, as well as payments made through the “digital Egypt” portal.
Sarhan said that the company cooperated with the Egyptian government in implementing the “Egypt Digital Gateway” project, as part of the activation, operation and development of many electronic systems aimed at achieving digitalization and financial inclusion.
Jamal Najm, Deputy Governor of the Central Bank, affirmed the bank’s keenness to enhance the cybersecurity file in the banking sector as it is a key part of the vision and strategy for expanding the transformation into a non-cash society in order to provide the necessary protection for dealers and build more confidence in digital financial transactions, through Enabling the Egyptian banking system to cope with various forms of cyber risks.
Dr. Sherif Hazem, Deputy Governor for Cybersecurity, reviewed the Central Bank’s strategy for cybersecurity and combating cybercrime, pointing out that the Central Bank has taken a number of important decisions to deal with these risks, the most important of which is the establishment of a computer emergency response center to provide a number of important services to the banking sector In the field of information security.
At the conclusion of the meeting, the Prime Minister praised the efforts made by the Central Bank in the field of cybersecurity and combating cybercrime, indicating that these important experiences and experiences in various government agencies will be used.
The article The Prime Minister: The state is implementing a plan to switch to digital government, it was written in Al-Borsa newspaper.