Misr Insurance to activate e-signature
Monday, 08 17 2020, Category: Technology, Country: Egypt
Egypt’s state-run Misr Insurance has started signing a contract with Egypt Trust to activate the electronic signature service for its transactions within the coming period, according to sources.
The contarct is expected to be signed within the next few days, official sources in Misr Insurance further told Amwal Al Ghad on Thursday.
E-signature law – issued in 2004 and established by the Egyptian Information Technology Industry Development Agency (ITIDA) – supports the country’s e-commerce industry by securing the Internet as a legally viable medium for online financial activities. It means that a buyer does not need to physically sign a document when entering into a transaction online.
In July 2006, ITIDA issued 4 Licences to practice the activity of e-signature services for the following companies; ACT, MCDR, Egypt Trust, and SNS).
Source: Amwal Al Ghad