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Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) has entered into a long-term strategic partnership with Visa to enhance digital payment solutions and offer customers advanced, competitive features. The collaboration aligns with Egypt’s national strategy for digital transformation, driving the adoption of electronic payment systems.
Expanding Digital Payment Innovations
The partnership will introduce new digital products and services tailored to diverse customer needs, reinforcing ABK-Egypt’s commitment to innovation in financial services. By integrating Visa’s latest payment technologies, the bank aims to improve transaction security, accessibility, and efficiency.
Malak Al Baba, Vice President and Country Manager of Visa in Egypt, emphasized the importance of this partnership in driving digital transformation across the country.
“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,” Al Baba stated.
Enhancing Financial Inclusion and Customer Growth
Through this collaboration, ABK-Egypt will expand its customer base, attracting new segments—particularly young consumers—and encouraging greater adoption of digital banking solutions. This initiative is expected to boost financial inclusion and support economic growth in Egypt by accelerating the transition to a cashless economy.
The partnership underscores ABK-Egypt’s vision for innovative banking, delivering seamless, secure, and efficient payment solutions that enhance customer experiences while strengthening Egypt’s digital financial ecosystem.
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