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AiBANK and Visa partner to enhance digital payments in Egypt

By Delisha Fernandes

August 30, 2023

  • aiBANK
  • Digital Payments
  • Digital Transactions

AiBANK, Visa, Islamic banking, digital payments, digital transactions, Financial Regulatory Authority, electronic payment, digital wallets, FinTech news, FinTech EgyptaiBANK, a provider of integrated retail, corporate, and Islamic banking solutions in Egypt, has entered into a long-term partnership agreement with Visa, to provide customers with a new integrated package of e-payment solutions.

This strategic partnership aims to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences.

Iman Badr, Senior Director, Consumer & Business Banking at aiBANK, said, “Our aim is to create a seamless banking experience by offering the latest digital payment solutions. In collaboration with Visa, one of the largest and most renowned payment brands worldwide, the bank will be able to provide the best service to customers in Egypt and during their time abroad, benefiting from Visa’s massive global network.”

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 and the Financial Regulatory Authority. By offering solutions aligned with the latest digital payment trends, this partnership aims to encourage customers to embrace electronic payment methods across all segments.

Malak Al-Baba, Visa Egypt’s Country Manager, stating, “We are pleased to collaborate with aiBANK in providing advanced digital payment services to the Egyptian market. Our strategic partnership will introduce new solutions and enhance customer experiences, aligning with our shared vision to improve digital payment options and cultivate a convenient and secure environment for electronic transactions. 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.”

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