EFG Holding’s aiBANK has signed a long-term partnership agreement with global payments firm Visa to provide customers with a new integrated package of digital payment solutions.
The partnership seeks to provide the bank’s customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences.
The collaboration signifies aiBANK’s dedication to promoting financial inclusivity and accelerating the adoption of digital transactions in line with the directives of the Central Bank of Egypt (CBE) and the Financial Regulatory Authority.
By offering cutting-edge solutions aligned with the latest digital payment trends, this partnership aims to encourage customers to embrace electronic payment methods across all segments.
“This collaboration broadens our e-payment offering, aligning with aiBANK’s goals to promote financial inclusion and digital innovation in the Egyptian banking sector. Our intention is to expand our market presence in Egypt by introducing innovative banking products catering to various customer segments,” said Sherif Nada, chief of Retail, Branches Network at aiBANK.
It also signifies aiBANK’s commitment to promoting financial inclusivity and accelerating the adoption of digital transactions in line with the vision of the Central Bank of Egypt (CBE).
“Visa is committed to supporting aiBANK through providing innovative and reliable solutions and exceptional benefits that facilitate a seamless transition for customers, making digital payments an intuitive and preferred choice,” said Malak Al-Baba, Visa Egypt’s Country Manager.
aiBANK and Visa aim to encourage customers to embrace electronic payment solutions across all segments by offering cutting-edge solutions aligned with the latest digital payment trends.
The was established in 1974 as an investment and business bank under the supervision of the CBE. Its activities started in 1978 with a capital base of $40 million, which was later increased to EGP 1.99 million in 2020.