Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), one of the fastest-growing banks in Egypt, has entered into a strategic partnership with Mastercard to launch “ABK Pay Sticker” – a contactless payment solution to enable the growth of Egypt’s digital economy, enhance financial inclusion and provide consumers with a seamless payment experience. The latest addition to
Collaboration to simplify and speed up cross-border remittances for consumers Enables banks to onboard Mastercard Cross-Border Services within half the time as compared to before Mastercard has entered into a strategic partnership with the real-time payment solutions company, ProgressSoft, to ease the integration of Mastercard Cross-Border Services and accelerate cross-border remittances across the Middle East
Bongiwe will be based in Dubai when she joins the Bank in March 2022 Standard Chartered (www.SC.com) has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval. Bongiwe will be based in Dubai when she joins the Bank in March 2022. Bongiwe
Mastercard’s experiential customer engagement platform is introduced for the first time in the region with Dubai First The unique program draws from Mastercard’s contextual marketing global capability, adding a gamification component where Dubai First customers can set cashback savings goals towards a future purchase and monitor progress The solution delivers personalized recommendations and allows customers
Misr Digital Innovation (MDI) is one of Banque Misr Companies, was established to launch the first digital bank in Egypt The seven-year strategic partnership agreement will see Mastercard support MDI with the issuance of debit, credit, and prepaid cards Mastercard will provide MDI with advisory, marketing, and product innovation support The new initiative will drive
Temenos Transact and Temenos Infinity will power the bank’s digital banking transformation to meet customers’ future needs as an agile, high-touch, high-tech bank Temenos, the banking software company, has announced that MIDBANK, a universal bank in Egypt providing retail, corporate, and investment banking services, has selected Temenos’ open banking platform to power its digital transformation.
IPT Africa launched at the recent Africa Fintech Festival (AFF) as it seeks to position itself as the platform for Frictionless African Payments. IPT Africa launched at the recent Africa Fintech festival as it seeks to position itself as the platform for Frictionless African payments, delivering a continent -wide, multi-channel payment platform tailored to the
CR2 is extremely proud of CIB’s phenomenal growth achieved across its digital banking services. Commercial International Bank Egypt (CIB), Egypt’s leading private sector bank, recently announced exponential growth in its digital banking service for H1 2021, highlighting the success of their long-term digital transformation strategy adopted in 2012. During the period H1 2021, CIB achieved a
MNT-Halan, Egypt’s leading fintech ecosystem, has announced a circa US$120 million investment by major global and regional growth investors: Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners. In addition, the company has also attracted venture capital backing from Middle East Venture Partners, Endeavor Catalyst, and DisruptTech. This round of investment demonstrates confidence in the fintech opportunity in Egypt and further institutionalizes the capitalization table of MNT-Halan. Previous investors of MNT-Halan have included GB Capital, DPI, Algebra Ventures, Wamda, Nowaisi Capital, Unidelta, Egypt Ventures, Battery Road Digital Holdings, and Shaka VC. Capitalizing on MNT-Halan’s first mover advantage, proprietary and
78% of SMEs in region’s retail sector are optimistic about the next 12 months, according to Mastercard MEA SME Confidence Index SME confidence levels were highest among businesses in retail, ahead of other sectors, like food and beverage, entertainment, construction, and manufacturing Research identified key areas with the greatest potential for growth with half of
