Tuesday 18/March/2025 – 01:52 PM
Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, met with representatives of the global “MasterCard” company, headed by John Huntsman, Vice Chairman of the MasterCard International Board of Directors and head of strategic growth, and a number of officials on both sides, to discuss strengthening ways of cooperation between the Egyptian government and MasterCard.
The two sides discussed enhancing ways of cooperation in the field of innovation and digital transformation in various areas of development, which also included improving government payment systems for startups, enhancing cybersecurity through awareness activities to support small and medium -sized companies and financial companies in the field of cybersecurity, and to provide tools and technologies that help startups and financial institutions to protect from digital threats. The meeting also touched on the joint efforts to develop digital skills and the development of national operating through the training programs for emerging entrepreneurs and companies, and to provide them with practical and knowledge skills that help them expand their business and enhance their competitiveness.
During the meeting, Dr. Rania Al -Mashat stressed the importance of digital transformation as one of the main factors that the ministry seeks to strengthen to develop the Egyptian planning system, and to keep pace with economic and technological developments, to support the effectiveness of implemented projects, and also pointed to the government’s priorities to attract and encourage internal and external investments and encourage the growth of the private sector, in the context of improving the comprehensive financial and economic performance of the state, in a way that achieves the aspirations of the Egyptian people in development And progress.
The Minister of Planning, Economic Development and International Cooperation explained that technological means and huge data would enhance the proof of evidence -based decision -making, by taking advantage of data and services platforms to improve the decision -making process and evaluate the impact of government programs, and the use of artificial intelligence and predictive analyzes to support economic expectations, and respond to crises, while working to develop trade strategies.
“Al -Mashat” pointed to the cooperation between the Ministry and the international development partners to establish a government innovation laboratory, which contributes to developing innovative solutions to government challenges using huge data, as well as supporting and following up the “Emerging Companies Community Charter in Egypt”, with the aim of identifying the targeted groups more accurately, maximizing the economic impact and enhancing the entrepreneurial environment.
For his part, John Huntsman, Vice Chairman and Chairman of Strategic Growth at MasterCard, pointed out that MasterCard is a leading company in payment technology in Egypt, where the foundations of a strong digital economy and a safe and integrated environmental system were laid.
Hinsman explained that MasterCard plays a pivotal role to provide and support the growth of the digital economy for the Egyptian people and companies. In order to contribute an effective role to enable innovation in the field of digital payments, MasterCard continues to invest in building partnerships between the public and private sectors to enhance the flexibility of the economy, achieve financial health, and address the parallel economy, with a focus on priority in security and protection.
