Al-Ahly Momken Company for e-payments solutions signed a co-operation protocol with the National Organisation for Social Insurance (NOSI) to provide e-collection service for social insurance premiums, a senior company official said.
Samir Abo Hashim, CEO and Managing Director of Al-Ahly Momken, said that the company aims to provide the service for the benefit of public and private sector employees through a network of approved sales outlets, scheduled to be reached to 150,000 outlets nationwide during 2021/2022 compared to 50,000 ones at present.
This step, he explained, is in line with the government’s policy towards promoting financial inclusion and digital transformation policies in various economic sectors and coincides with the directives of President Abdel Fattah El Sisi.
Abo Hashim stressed that “Al-Ahly Momken” achieved unexpected growth rates during the last stage, more than one time the targeted plan, indicating that the company is in the process of launching a package of new governmental or non-governmental services other than social insurance, such as collecting university fees, as well as handling food staff companies’ payment solutions through a new platform.
Major General Gamal Awad, head of NOSI, added that the protocol coincides with the presidential mandates to keep pace with technological development and activating the e-payment system and collection services within the organisation.
He indicated that the features of the social insurance plan in implementing digital transformation during the next two years were presented to Prime Minister Dr Moustafa Madbouli. Such plan is based on linking and updating citizens’ data on a continuous and instantaneous basis.
The Al-Ahly Momken for e-payment services plans to raise its transactions volume per month to about LE1 billion by the end of this year, and also aims to publish an additional 40,000 points of sale in agreement with the National Bank after the latter completed the deal to acquire 75% of the company’s shares.
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