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AiBANK & Valu unveil co-branded credit card in association with Visa

By Delisha Fernandes

January 24, 2024

  • aiBANK
  • Credit Card
  • Digital Payments

Valu, AiBANK, credit card, Visa, Islamic banking solutions, digital payments, FinTech news, FinTech MENA

aiBANK, an Islamic banking solutions provider in Egypt, has partnered with Valu, a FinTech company, to launch a co-branded credit card in association with Visa. This collaboration aims to provide financial solutions to Valu’s customers while enhancing the overall customer experience for users.

Iman Badr, Senior Director of consumer & Business Banking of aiBANK, said, “We are delighted to collaborate with Valu and Visa on this exciting project, as it marks a unique and strategic partnership for aiBANK. This co-branded credit card cements our efforts to create innovative financial solutions and exceptional customer experiences catering to clients’ evolving needs. By joining forces with Valu and Visa, we aim to reach a broader customer base and enhance their lifestyles by providing them with exclusive benefits, latest payment innovations and seamless financial experiences.”

The newly launched credit card exclusively issued by aiBANK will provide Valu’s customers with unprecedented benefits. Firstly, customers enjoy a daily earnings boost with a 1% cashback on food and beverages as well as fuel purchases, providing a tangible reward for their everyday transactions.

The Buy-Now, Pay-Later (BNPL) option also empowers customers to manage purchases through flexible installments, while the fee-free Valu dues settlement ensures a seamless payment process without any additional charges. With the most seamless onboarding process and with zero issuance fees, customers can effortlessly apply for and start using the card.

Ahmed Seoudy, Product Development Senior Director of Valu, said, “We are thrilled to partner with aiBANK and Visa to launch this exclusive co-branded credit card. This card will add significant value to our customers, providing them with enhanced financial flexibility and global usability, while rewarding their loyalty to Valu. With the ability to pay at any point of sale, our valued cardholders can now enjoy a wider range of purchasing options, both locally and internationally. The card will offer incredibly attractive limits, and customers will seamlessly request the card through the Valu app.”

The new card will also offer a range of extra perks, including a free issuance fee, up to 58 58-day grace period for repayments, credit shield protection, and the provision of a free supplementary card. Together, these features offer a comprehensive solution, combining daily rewards, flexibility, and additional protections to elevate the financial well-being of users.

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