back Back

Mastercard & IDB team to boost digital transformation in Egypt

By Delisha Fernandes

November 24, 2023

  • commercial card
  • Credit Card
  • Debit Card
Share

Mastercard, One GlobalThe Industrial Development Bank (IDB) has announced its partnership with Mastercard to drive financial inclusion and support Egypt’s digital transformation strategy.

Through this partnership, IDB and Mastercard will collaborate to enhance the bank’s offering through providing its customers with a comprehensive portfolio of innovative solutions across its credit, debit and commercial card proposition.

“As a leader in the payments industry, Mastercard is going to help IDB grow its service offerings. Our partnership is a cornerstone in our proactive drive to bring and promote financial inclusion, incorporate a wider segment of Egypt’s unbanked population into the digital economy, and diversify our portfolio with a variety of financial and supplementary services to address the diverse needs of the Egyptian market,” said Ghada El Bialy, Executive Chairman and CEO of IDB.

The partnership will also leverage Mastercard’s global expertise and best practices to assist IDB in implementing its digital payment strategy in line with Egypt’s vision 2030. Mastercard will support IDB in providing a more personalized and rewarding card experience with the aim of expanding to new consumers’ segments.

“Today, our commitment to Egypt’s digital transformation journey, remains strong. Our partnership with IDB aligns with our commitment to powering Egypt’s economic development, accelerating growth in the country and supporting the Central Bank of Egypt’s financial inclusion agenda. We look forward to working with IDB to realize its ambitious strategy and work together to build a more connected digital ecosystem,” said Khalid Elgibali, Division President, MENA, Mastercard.

IDB provides a wide range & diversified products and services to its customer base of individuals, corporates and institutions representing different economic sectors through a network of branches across Egypt.

Previous Article

November 24, 2023

Thought Machine expands into LatAm in partnership with Trafalgar

Read More
Next Article

November 24, 2023

Nium & Jeonbuk Bank partner to launch global remittance service

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

commercial card

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024