• 03:15
  • Sunday ,15 August 2010
العربية

Ghali :soon pensioners cashing electronically

By-Egypt News

Home News

00:08

Sunday ,15 August 2010

Ghali :soon pensioners cashing electronically

Egyptian Minister of Finance Youssef Boutros Ghali said Friday that 1.5 million pensioners will very soon be cashing their monthly payments electronically.

Egyptian Minister of Finance Youssef Boutros Ghali
 
By December all e-pension cards will have been processed, Ghali said in a statement.
 
This month, some 160,000 electronic cards have already been handed over to pensioners in Giza and Fayyoum governorates.
 
Updating to e-cards is meant to ease the payment process, taking much of the burden off pensioners, who would otherwise have to queue up outside insurance offices to get paid.