First Data Corp. of Atlanta signed a three-year contract with the Egyptian government to manage a prepaid benefits smart card.

The program initially will target monthly grocery purchases for 4.5 million families, but eventually will expand to support other government benefits like health, transportation and gas.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.