Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) has signed a long-term strategic partnership agreement with Visa to introduce advanced digital payment solutions and support Egypt’s digital transformation efforts.
Under this agreement, ABK-Egypt will launch a range of new products and services designed to meet the needs of different customer segments and enhance its digital banking offerings.
This initiative aligns with Egypt’s strategy to promote electronic payments and financial inclusion.
Khaled Barakat, Deputy CEO of ABK-Egypt leading Consumer Banking, stated:
“We take pride in this cooperation and look forward to capturing a substantial market share through increasing transaction volumes and attracting new customer segments.”
He highlighted the bank’s commitment to expanding its retail portfolio by improving service quality and introducing innovative banking solutions.
Malak El-Baba, Vice President and Country Manager of Visa in Egypt, said:
“We at Visa are committed to providing the latest digital payment innovations to enhance consumers’ experience in Egypt. This agreement with Al Ahli Bank of Kuwait – Egypt represents a significant step towards achieving this goal, and we look forward to contributing to advancing digital transformation in the country.”
This partnership is a key step in ABK-Egypt’s digital transformation strategy.
By focusing on technology-driven banking solutions, particularly for younger customers, the bank aims to support financial inclusion and contribute to the country’s economic growth.
Featured image credit: edited from freepik
