Global payments provider Mastercard has partnered with Egypt’s Housing and Development Bank (HDB) to expand the bank’s debit, credit, and commercial card offerings. Mastercard Egypt, Iraq, Lebanon and Syria Country Manager Mohamed Assem and HDB CEO and MD Yehia Aboulfotouh signed the agreement to strengthen the bank’s footprint in the Egyptian market. The collaboration aims to give customers greater access to secure payment solutions and enhanced lifestyle benefits, as well as to leverage Mastercard’s global technology and network with HDB’s market strength.
According to the partners, the collaboration will give customers greater access to secure payment solutions and enhanced lifestyle benefits. The companies added that the collaboration positions HDB to expand its offering and strengthen its footprint in the Egyptian market, leveraging Mastercard’s technology and global network. This agreement supports the sustainable growth of the bank’s card portfolio and further strengthens HDB’s position as one of the leading commercial banks in the Egyptian banking market.
Mastercard Egypt Country Manager Mohamed Assem noted that such collaborations keep Egypt’s digital economy moving forward. He stated, “By combining Mastercard’s global technology and network with HDB’s market strength, we’re not just enhancing a card portfolio – we’re helping shape what the next generation of payments in Egypt looks like.” HDB CEO and MD Yehia Aboulfotouh emphasized that customer experience is central to the bank‘s vision of becoming a bank of choice in Egypt through innovation, superior customer service and trust.
He explained, “We are proud of our collaboration with Mastercard and the opportunity to leverage its advanced technology and global network to strengthen our payment capabilities and deliver innovative, secure, and convenient solutions that meet the evolving needs of our customers.”
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