Digital Transformation was a main topic discussed during Egypt\u2019s Economic Summit held Tuesday.<\/p>\n
During a panel entitled, \u201cDigital Transformation: from grassroots movement to regional upheaval\u201d, with the participation of Chairman & Managing Director of E-finance Egypt Ibrahim Sarhan, Vice President Chief Commercial Officer at WE Mohamed Abo-Taleb, Chief Corporate Affairs Officier at Etisalat Misr Khaled Hegazy, Chief Digital Officer at Orange Egypt Maged Gabriel, and External Affairs and Legal Director at Vodafone Egypt Ayman Essam.<\/p>\n
\u201cThere is a partnership between E-finance Egypt and the government in terms of digital transformation and e-payment,\u201d Chairman & Managing Director of E-finance Egypt said.<\/p>\n
He added that 2019 witnessed a progress in terms of the end of traditional payment methods and turning it into 100% electronic.<\/p>\n
\u201cEgypt issued a law stipulating any payment exceeds LE500, will be electronic, otherwise there will be an extra fees,\u201d Sarhan stated.<\/p>\n
\u201cRevenues of e-payments recorded LE 4 billion after the holy month Ramadan,\u201d Sarhan added.<\/p>\n
Vice President Chief Commercial Officier at WE said that Infrastructure witnessed a big progress during last two years.<\/p>\n
Building infrastructure is the base of digital transformation, Abo-Taleb added.<\/p>\n
\u201cWE pumped LE3billion in infrastructure lately: LE2billion out of which was invested during last two years,\u201d Abo-Taleb pointed.<\/p>\n
Abo-Taleb said that building infrastructure faces three challenges; financial, technical and human.<\/p>\n
Infrastructure, Internet Speed, and an application are the main pillars of transformation, Abo-Taleb noted.<\/p>\n
According to Abo-Taleb, Internet Speed has been doubled since the start of 2019.<\/p>\n
He announced that WE launched e-wallet service today.<\/p>\n
For Ayman Essam\u2019s part, He said that mobile network is a digital service used by around 90-100% of Egyptians.<\/p>\n
\u201cEgyptians are able to transform digitally,\u201d Essam stayed.<\/p>\n
\u201cVodafone Egypt is technological partner with the government in health insurance in Port Said,\u201d Essam said.<\/p>\n
He added that Vodafone Egypt is the largest in terms of e-wallet service.<\/p>\n
Etisalat Misr launched landline phones, Khaled Hegazy Chief Corporate Affairs Officier at Etisalat Misr said.<\/p>\n
\u201cUnlike other companies, Etisalat Misr doesn\u2019t depend on the infrastructure of WE,\u201d Hegazy explained.<\/p>\n
Hegazy added that Egypt is able to export outsourcing serving to the world.<\/p>\n
Digital transformation requires spreading awareness among users, according to Hegazy.<\/p>\n
\u201cEtisalat Misr is a partner with the government in developing new smart cities application,\u201d Hegazy stated.<\/p>\n
Moreover, Digital transformation is transforming what is physical into digital, Chief Digital Officer at Orange Egypt Maged Gabriel said.<\/p>\n
Gabriel added that customers must get benefit from services through digital application to turn digitally by time.<\/p>\n
Egypt Economic summit kicked off Tuesday, Nov. 12, in Cairo, under the auspices of Prime Minister Mostafa Madbouli.<\/p>\n
The summit tackled Egypt\u2019s vision post the economic reform program, including panels related to sectors of banking and finance, Information and Communication Technology (ICT),Industry, Investment, and real estate.<\/p>\n
Egypt Today<\/p>\n","protected":false},"excerpt":{"rendered":"
Digital Transformation was a main topic discussed during Egypt\u2019s Economic Summit held Tuesday. During a panel entitled, \u201cDigital Transformation: from grassroots movement to regional upheaval\u201d, with the participation of Chairman & Managing Director of E-finance Egypt Ibrahim Sarhan, Vice President Chief Commercial Officer at WE Mohamed Abo-Taleb, Chief Corporate Affairs Officier at Etisalat Misr Khaled […]<\/p>\n","protected":false},"author":40,"featured_media":151655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[2484,44673,45150,51886,17798,11786],"class_list":["post-151654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-egypt","tag-ict","tag-khaled-hegazy","tag-maged-gabriel","tag-mostafa-madbouli","tag-prime-minister"],"yoast_head":"\n