Misr Petroleum Company signed an agreement with E-Finance company to activate the fuel management and operation system by providing e-payment solutions for the company’s clients.

Co-Operation Petroleum Company (Copetrol) signed a three-year contract with E- Finance Company to issue pre-payed smart cards for supplying fuel to the governmental agencies, which goes in line with the digital transformation projects adopted by the state.

E-Finance's Smart Cards Manager, Khaled Abdel Ghany, stated that 12,000 Egyptian citizens recently applied for fuel smart cards.

Egyptians who applied for fuel smart cards until the 10th of March 2017 reached 6.2m citizens.

The number of Egyptian citizens who have applied for fuel smart cards reached 5.5m in January 2017.

The number of Egyptian citizens who applied for fuel smart cards reached 5m out of the 6.5m subsidy-beneficiaries estimated by the Egyptian Traffic Authority.

Fuel smart card system is expected to be activated at Egyptian gas stations by the end of 2016 as the country combats the leakage of subsided petroleum products onto the black market.