Egypt Post to acquire SMART for smart cards

The Egyptian Post Authority intends to acquire SMART for smart card applications as part of a plan for digital transformation.

SMART works in the field of e-government projects and electronic transaction processing in the Middle East and Africa, and also in managing the catering and bread system within the Egyptian market.

It currently manages 20 million cards and serves 72 million Egyptians.

Sources told Daily News Egypt (DNE) that Egypt Post seeks to enhance its presence in the digital payments sector through a guarantor, in addition to the smart solutions provided by SMART.