CIB, Mastercard deepen partnership to advance digital payments innovation in Egypt
Mastercard has announced a new partnership with Commercial International Bank (CIB) to strengthen digital payments innovation and broaden access to financial solutions in the Egyptian market.
Under the collaboration, Mastercard will support CIB across a range of core digital payments and card issuance functions, enabling the bank to provide more secure, seamless and efficient payment experiences for consumers, businesses and merchants.
Leveraging its advanced technologies, global network and advisory capabilities, Mastercard will also help enhance the bank’s market insights and customer reach, supporting efforts to develop digital payment ecosystems, improve operational efficiency and facilitate access to modern financial services.
Islam Zakaria, Group Chief Financial Officer, Chief Operations Officer and Executive Board Member at CIB Egypt, said the partnership reflects the bank’s ongoing commitment to expanding access to credit, advancing digital innovation and delivering an improved banking experience.
“By combining technology with a deep understanding of customer needs, the bank continues to launch solutions that improve efficiency, strengthen security and support financial inclusion across Egypt,” he said.
Meanwhile, Adam Jones, Executive Vice-President and Division President for West Arabia at Mastercard, said the continued growth of digital payments in Egypt underscores the importance of strategic partnerships in building integrated and resilient payment systems.
He added that Mastercard’s longstanding collaboration with CIB reflects its role in supporting financial institutions through trusted technologies and data-driven insights tailored to the evolving needs of consumers and businesses.
The partnership comes amid accelerating adoption of digital financial services in Egypt, with banks and payment providers increasing investment in technology, innovation and inclusion to support the country’s transition towards a more digitally driven economy.
The post CIB, Mastercard deepen partnership to advance digital payments innovation in Egypt first appeared on Dailynewsegypt.
المصدر: Daily News Egypt