Mastercard says it is renewing its digital payments partnership with CIB, Egypt’s largest private-sector bank.
The collaboration will see Mastercard support CIB with things like core digital payments capabilities and card issuance, letting the bank deliver “secure, seamless, and efficient payment experiences for consumers and businesses,” the companies said in a news release last week.
“By leveraging its advanced technologies, global network, and advisory expertise, Mastercard will support CIB’s offering, strengthening digital payments while enhancing efficiency and access to advanced payment solutions,” the release added.
Islam Zekry
, the bank’s chief finance and operations officer, said the partnership is part of CIB’s efforts to expand access to credit and financial inclusion across Egypt.
“As digital transformation continues to scale across Egypt, collaboration remains essential to building an inclusive and resilient payment ecosystem,” added Adam Jones, executive vice president and division head for West Arabia at Mastercard.
“By combining CIB’s deep market expertise with Mastercard’s global network, technology, and insights, we are enabling more seamless and accessible payment experiences that support consumers, businesses, and the broader financial ecosystem.”
Source: pymnts.com
