MasterCard and Arab African International Bank sign a long-term cooperation strategy

  • This collaboration comes as a step in achieving the bank’s strategy for digital transformation..and focuses on providing modern digital services for safe and easy payment solutions that suit customers’ needs and evolve their lifestyle.

The Arab African International Bank has announced the signing of a long-term strategic cooperation agreement with MasterCard.

This agreement comes as part of efforts to accelerate the digital development of the financial system in Egypt.

The agreement was signed in the presence of Haitham Al-Maairji, Assistant Managing Director and CEO of Group Operations and Banking Transformation, Dina Zekry, Head of Retail Banking and Financial Inclusion, Khaled Al-Jabali, Regional Head of MasterCard in the Middle East and North Africa , and Adam Jones, General Manager for the region. Central in the Middle East by MasterCard and a number of senior management from both sides.

Through this collaboration, MasterCard and Arab African International Bank will focus on planning and implementing the bank’s digital transformation strategy, and providing modern services for digital payment solutions that meet the growing needs of customers with the highest standards of security and convenience..

An important step in achieving financial inclusion goals

Commenting on the signing, Khaled El-Jabali, Regional Head of MasterCard in the Middle East and North Africa, said: “Collaboration with the Arab Africa International Bank to support the digital transformation strategy is an important step in achieving the goals of financial inclusion and attract the largest segment of unbanked customers, who are part of the process. An essential part of MasterCard’s global plan and vision, which aims to transform into a cashless society by enabling financial institutions to provide more advanced and flexible payment methods to their customers. ..

Egypt is accelerating the adoption of digital payment services

Adam Jones, General Manager, Middle East, Central Region, MasterCard, said: “Egypt is accelerating the adoption of digital payment services, and we believe that constructive partnerships are a key factor in achieving financial inclusion goals and providing innovative payment methods.“.

Jones added: “We look forward to a fruitful collaboration with Arab African International Bank to provide the solutions needed to meet the changing expectations of its customers.“.

Create innovative payment methods

Haitham Al-Maayerji, Assistant Managing Director and CEO of Group Operations and Banking Transformation at Arab African International Bank, said: “This long-term partnership with MasterCard is in line with our strategy to achieve digital transformation and create innovative payment methods for our customers . on a larger scale.“.

He also added: “This collaboration confirms our commitment to developing our products in a way that matches the different needs of customers and providing innovative solutions that suit their evolving lifestyles by taking advantage of MasterCard’s expertise to find modern solutions and products.”“.

The introduction of new and advanced technological products

Dina Zakri, head of banking services and financial inclusion at Arab African International Bank, said: “Cooperation with the “MasterCard” company offers the bank opportunities to introduce new technological and advanced products in accordance with the needs of the current banking market, and this partnership is a positive step in the strategy of the Arab African Bank This partnership will also give us the opportunity to diversify, expand and develop the features and benefits of our banking services, contributing to the satisfaction of our customers ..

Integrating 1 billion people and 50 million micro and small businesses into the digital economy

MasterCard uses its extensive experience to support digital transformation, the trend towards financial inclusion and encourage the orientation of an inclusive digital financial system in Egypt. These steps are part of Mastercard’s global commitment to integrate 1 billion people and 50 million micro and small businesses into the digital economy by 2025, focusing on providing solutions to 25 million women to help them grow their own businesses ..

It is noteworthy that the Arab African International Bank has moved forward in achieving its strategy 2021-2025, where it has achieved many achievements, the most important of which is the introduction of departments related to digital transformation and the establishment of internal work teams . which works in an integrated manner to professionally complete various projects, as it was one of the first banks to establish Digital Factory Which is considered as a new model to work quickly and orderly to provide the best services and products to its customers, in addition to launching the WhatsApp service and the mobile banking application, which is completely designed in-house by the best cadres and expertise from the bank..

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