Regulatory Alerts2020-01-01
Prime Minister's Decree No. 1776 of 2020
The Prime Minister of Egypt issued Decree No. 1776 of 2020 to promulgate the Executive Regulation of the Law Regulating the Use of Non-Cash Payment Means. The regulation mandates that all government entities, public legal persons, and qualifying private establishments settle employee dues, contractor payments, and utility fees exclusively through electronic or non-cash channels, subject to specified monetary thresholds. It further requires public-facing utilities and services to accept non-cash payments without surcharges, permits limited financial incentives for digital transactions, and establishes a dedicated Treasury account funded by regulatory fines to develop payment infrastructure and public awareness.
Share