By Hamed mahmoud
A delegation from MasterCard headed by Khalid Elgibali, MasterCard Division President for Middle East and North Africa, met with General Ahmed Zaki Abdeen, Chairman of the New Administrative Capital Company. The meeting was attended by Mohamed Assem, MasterCard Country Manager, Egypt; Omar El Attar, Head of Business Development and Government Automation Sector at MasterCard; and Eng. Mohamed Khalil, Head of Technology Sector at the New Administrative Capital Company. The delegation discussed the latest developments of the New Administrative Capital infrastructure project. SKhalid Elgibali, MasterCard Division President for Middle East and North Africa, praised the meeting outcomes noting that the implementation of the electronic payment solutions in the New Capital is a major transformation, which will have its positive impacts on Egypt’s economy. He stressed the fact that Egypt and Africa are important markets to MasterCard and that the company is willing to invest in supporting these markets through the provision of innovative digital solutions and the facilitation of the digital transformation. Scheduled for inauguration next October, the project aims to make the New Capital the first “cashless city” in Egypt.
It is worth noting the MasterCard had signed a co-operation agreement with the Egyptian government to implement electronic payment solutions in the New Administrative Capital making it the first integrated smart city in Egypt. City Possible is a model gathering an extensive network of 240 cities in addition to other cities eligible to join this network. MasterCard is assisting more than 500 cities in 50 countries around the world to achieve sustainability and financial inclusion by improving their infrastructure efficiency and economic growth through digitisation.