NBE, E-finance Activate Electronic Tax Payments

The National Bank of Egypt (NBE) and e-finance activated the electronic payment system for tax payments, which allows the collection of the state's dues in a fast and safe manner.

Yehia Aboul Fotouh, NBE Deputy Chairman said that motivating citizens to deal with the electronic means provided by the bank comes in support of the country's plan for digital transformation, and a society less dependent on cash.

Aboul Fotouh emphasized the bank’s keenness to play a significant role in serving the national economy, especially in light of the pandemic, activating precautionary measures to take into account safety standards.

The strategic partnership will be reflected in the reduction of congestion on the bank's branches and the facilitation for customers wishing to pay their dues. Taxes of all kinds, especially in the quarterly tax season in March.

On his part, Ibrahim Sarhan, Chairman and Managing Director of e-Finance confirmed that the company has strategic partnership with the National Bank.

"e-Finance is the government's arm in electronic payment services and the collection of the taxes," Sarhan said, adding that the company aims to facilitate payments for companies, institutions and investors in a safe manner.

As a national company, e-finance’s shareholders are National Investment Bank (63.64%), National Bank of Egypt (9.09%), Banque Misr (9.09%),Egyptian Banks Company-EBC (9.09%), and Egyptian Company for Investment Projects (9.09%).