Author: Ahmed Abou Ali

Partner at Hassouna & Abou Ali Law Firm On April 16,2019, the Egyptian Parliament issued for the first time a law regulating non-cash payment methods. Law No.18 defines a non-cash payment method as any process “resulting in a credit to a bank account of a beneficiary, including deposits, transfers and debit orders, credit and debit cards, payments by mobile or other methods approved by the governor of the Central Bank of Egypt.” Although Law 18 requires the Prime Minister to issue executive regulations within six months of issuance, it has been nearly 10 months and they have not yet been…