The United Bank President: Digital Transformation Drives Government Electronic Payment Programs for Sustainable Growth

08/04/2025

The United Bank President:
Digital Transformation Drives Government Electronic Payment Programs for Sustainable Growth

Ashraf El Kady – Chief Executive Officer and Managing Director
 * Digital transformation has become a necessity in light of rapid technological developments.
 * The sustainable growth of digital payment indicators, according to the Ministry of Finance, supports Egypt's Vision 2030.
 * Facilitating investors' fulfilment of government obligations enhances foreign investments attraction.
 * Electronic payments reduce paper-based transactions and contribute to improving the efficiency and transparency of transactions.
 * Key competitive advantages of UB's electronic government payment programs.

Cairo: April 8, 2025

Ashraf El Kady, President of The United Bank, stated that digital transformation is driving electronic payment programs towards sustainable annual growth, which supports the investment environment and aligns with Egypt's Vision 2030.
El Kady referred to the Egyptian Ministry of Finance report issued in June 2024, which documents the most important figures and indicators for the sustainable growth of tax and customs revenue collections.
The Egyptian Ministry of Finance report indicator:
The report highlighted that the value of electronic payment and collection services reached 2.5 trillion Egyptian pounds in just 11 months. The value of electronic tax collection transactions amounted to 613 billion pounds, an increase of 16%. Additionally, electronic customs collections grew by 38%, equivalent to 284 billion pounds.
Ashraf El Kady explained that Egyptian banks, under the leadership of The Central Bank of Egypt and in cooperation with the Egyptian Ministry of Finance, provide electronic payment services for taxes and customs through electronic applications that operate 24/7. This aims to facilitate the process for investors and financiers to fulfil their government obligations, reduce the volume of paper transactions, which contributes to improving the efficiency and transparency of financial transactions, as well as reducing the time and effort spent and enhancing the accuracy and speed of transactions, thereby contributing to supporting opportunities for attracting new investments.
In this context, UB offers a range of digital banking services and advanced distinguished solutions for business owners and investors, including:
First: Government Payments Field: Through
 * Various types of tax payment services.
 * Social insurance payment services.
 * Customs payment services.
 * Single Window payment services.
 * Citizen and order payment services.
 * Supply services to all government entities.
 * Port payment services.
Second: Electronic Banking Services Field: Where customers can
 * Conduct internal and external transfers.
 * Conduct SWIFT transfers instantly.
 * Request a bank statement.
 * View account movements.
 * Download the bank statement.
 * Create a letter of credit application.
 * Create a letter of guarantee issuance application.
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