The Egyptian Government's
Financial Inclusion Strategy is Made
Possible via E-Payments.
Ahmed Saleh
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Outline
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Introduction
E-payment
Financial Inclusion
The Role of E-payment in Financial Inclusion
Conclusion
References lists
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Introduction
• Since a few years ago, the government has prioritized
financial
inclusion, which is crucial to achieving Egypt's Vision 2030.
• The electronic payment system is essential in determining the state
of digital financial inclusion.
• This study examined the use of the electronic payment system and its
impact on digital financial inclusion.
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E-payment
• E-payment systems are essential mechanisms
individuals, and institutions use as a safe and
convenient way of making online payments and
simultaneously as a gateway to technological progress
in the global economy.
• E-payment is an engine in e-commerce through which
the success of e-business depends.
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mobile
Application
E-payment
Methods
E-payment methods
Point of Sale(Pos)
QR code
Credit Caed
DigitalMoney
Online Banking
Blockchain
NFC
E-Wallet
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Financial inclusion is the availability and use of
all financial services for various social groups
through official channels.
Financial
Inclusion
That's what Egypt did when it announced in
2015 the first real plan to promote financial
inclusion in Egypt.
The goal is to clamp down on hundreds of
billions traded outside the banking sector
through cash transactions that can use for
money laundering and terrorist financing.
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Financial
Inclusion
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Savings
Financial
Inclusion
Main Issues
Financial
Advice
Insurance
Financial
Inclusion
Tranfer of
Funds
cheaper
credit
Bank
Account
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1. Conditions of the Egyptian banking system.
Why preferring
cash transactions
and poor financial
inclusion
2. The decline in the role of postal savings boxes.
3. Weakness of domestic savings.
4. Investment arteries are blocked in many regions.
5. The high scope of the informal sector in the economy
and society.
6. Absence of the use of technological tools by
individuals.
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 Creating more job opportunities.
 Reducing poverty.
Mechanisms
to Promote
Financial
Inclusion
 Allow individuals the ability to manage funds safely and soundly
and helps them in establishing investment projects.
 The banking system must play its role in mobilizing savings and
developing them to become more capable of attracting savings.
 Finding investment projects suitable for the incomes of the average
and young citizens.
 The Central Bank directs banks to allocate a specific percentage of
loan portfolios to finance capital assets and working capital for
companies.
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CAS
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E-payments are often used to complete financial
transactions and pay off obligations.
The Role of
E-payment in
Financial
Inclusion
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The relationship between e-payments and technological
progress dramatically influences financial inclusion linked
to a country's economic growth to reach diverse societal
segments unable to access banking services.
.
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Conclusion
• Electronic payments are payment mechanisms that use electronic media that do
not involve cash.
• Electronic payment systems can also be inter-organizational information related
to transaction systems, linking various associations and individual clients.
• Complex interaction is required between partners, technology, and the
environment, which will help achieve the desired financial inclusion.
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REFERENCES
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Fatonah, S., A. Yulandari, and Ferry Wahyu Wibowo. "A review of e-payment system in e-commerce." Journal of
Physics: Conference Series, Vol. 1140. No. 1. IOP Publishing, 2018.
Heba El-Baz, "The repercussions of the emerging coronavirus crisis and the role of financial inclusion in confronting it
regarding the Egyptian economy," The Egyptian Journal of Development and Planning, Volume 29, Issue 1, June 2021.
John Frost, "From Innovation to Financial Inclusion," Journal of Finance and Development, Cairo, March 2021.
Kabir, Mohammad Auwal; SAIDIN, Siti Zabedah; AHMI, Aidi, "Adoption of e-payment systems: a review of the
literature", International Conference on E-Commerce, pp 112-120, 2015.
The Regional Task Force on Promoting Financial Inclusion in the Arab Countries, "The Interrelationship between
Financial Stability and Financial Inclusion," Arab Monetary Fund, 2017
Yasmine Magdy Ragab and Mohamed Ahmed Saleh, "The Impact of the Application of Financial Inclusion on the
Financial Stability of the Banking Sector," research presented to the Second Scientific Conference of the Accounting and
Auditing Department, Alexandria University, Faculty of Commerce, December 20, 2018.
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THANK YOU
Any Question?
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