One of the leading banking institutions in Egypt, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) has announced a strategic collaboration with Mastercard to introduce advanced consumer, commercial, and digital payment solutions. The partnership strengthens Mastercard’s role as a trusted advisor to ABK-Egypt and supports the bank’s efforts to expand and enhance digital payment services for cardholders across Egypt.
Accordingly, Mastercard will equip ABK-Egypt with advanced digital solutions that simplify payment processes and enhance security, enabling consumers and businesses to transact seamlessly.
Khaled El Salawy, CEO & Managing Director, Al Ahli Bank of Kuwait – Egypt, commented on this collaboration, saying: “We are delighted to team up with Mastercard, a trusted enabler of our digital transformation journey. This collaboration allows ABK-Egypt to expand its range of services to meet the diverse needs of various segments, offer innovative solutions that ensure a seamless and secure banking experience, and support Egypt’s vision of transitioning to a cashless society.”
Iman El Essawy, Head of Retail Banking Division, Al Ahli Bank of Kuwait – Egypt, added: “Our customers will directly benefit from the new digital capabilities and value propositions that this collaboration with Mastercard brings, ensuring a secure and convenient banking experience to our customers and reinforcing the Bank’s position in a highly competitive market.”
Mohamed Assem, Country Manager for Egypt, Lebanon and Iraq, Mastercard, said: “We are proud of our joint efforts with ABK-Egypt to expand access to secure digital financial solutions. Mastercard remains dedicated to empowering partners with trusted technologies that support sustainable growth within Egypt’s digital economy.”
ABK-Egypt and Mastercard are steadfast in their commitment to advancing innovation and driving financial inclusion across Egypt, exemplifying how strategic collaborations can create a truly inclusive ecosystem where everyone thrives.
