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Nevin Al-Kabbaj, Minister of Social Solidarity and Chairman of the Board of Directors of Nasser Social Bank, said that all pensions were disbursed to clients today, Saturday, through automatic teller machines and outlets of the “Fawry” company for banking technology and electronic payment.
A source from the Insurance Authority confirmed that the process of pension disbursement takes place regularly on every 1 of each month in automated teller machines for all eligible recipients, through automatic teller machines, indicating that the value of owed pensions, estimated at 18 billion pounds, is transferred to the beneficiaries’ accounts at the beginning of each month.
He pointed out that the dates of pension disbursement will not be affected by vacations and official holidays recently approved by the government. He explained that the exchange dates were in the past between 1 and 10 days of the month, and pensions were disbursed in 3 stages between ATM, mail and banks, indicating that currently the exchange is in all places of exchange in one day, which is the first day of the month for Via automated teller machines.
Mohamed Ashmawy, Vice Chairman and Managing Director of Nasser Social Bank, confirmed that it was agreed with the “Fawry” company to reduce the withdrawal commissions from the company on the occasion of the month of Ramadan and holidays, in order to make it easier for customers, adding that the alimony disbursement service has also been activated through Fawry outlets. In order to make it easier for customers who are entitled to the expense.
Ashmawy pointed out that, based on the mandates of Nevin Al-Kabbaj, Minister of Social Solidarity and Chairman of the Bank’s Board of Directors, Fawry, the leading service in the field of electronic payments and financial services, has been activated to disburse salaries and pensions transferred to the bank, which will have the effect of reducing crowding within the bank’s branches and on ATMs as much as possible. , In a manner that is consistent with the efforts made by the state to reduce gatherings, overcrowding and crowding, and to help facilitate customers, especially the elderly, in disbursing their dues without bothering or standing in queues, especially in light of the application of precautionary measures to confront the emerging Corona virus.
He pointed out that instructions have been issued to all branch managers and employees to constantly feed ATM machines with their maximum limits of cash, stressing that the bank places digital transformation and financial inclusion at the top of its priorities and policies with the Egyptian government launching the sustainable development strategy “Egypt Vision 2030” in order to keep pace with technological development. In providing banking services to customers to achieve financial inclusion and to ensure that customers get their dues faster.