Arab countries have taken an important step towards expanding the electronic payment experience to make it one of the main solutions in the context of the adoption of financial technology, through the launch of a unified platform that will see the light in the coming period.
During its regular meeting in Cairo, the General Assembly of the Arab Federation for Electronic Commerce approved the establishment of the Arab Company for Electronic Payment, which was called "Arab Union".
The President of the Arab Federation for Electronic Commerce, Mohamed Pharaon, explained that "the Federation has already begun to establish the organizing committee of the company after all studies on this project have been completed." Pointing out that "the decision came after extensive discussions during the General Assembly between the members of the Union, including mechanisms to promote e-commerce between Arab countries, implement their projects, solve the technical and commercial problems they face, and the means of establishing activities."
Source (Al-Arab Newspaper of London, Edited)
