Latest news with #MohamedAssem
Web Release
2 days ago
- Business
- Web Release
Credit Libanais launches 'Mastercard Send' for the first time in Lebanon, as a part of the Mastercard Move; the international money transfer platform of Mastercard
Credit Libanais launches 'Mastercard Send' for the first time in Lebanon, as a part of the Mastercard Move; the international money transfer platform of Mastercard Credit Libanais Bank announced the launch of the 'Mastercard Send' service for the first time in Lebanon, under the umbrella of 'Mastercard Move'—Mastercard's global platform for international money transfers. This represents a strategic step towards strengthening financial inclusion and expanding access to fast, secure transfer solutions. The service is now available through the 'Wink Neo' Digital bank, developed by Credit Libanais, where 'Wink Neo' serves as a back office infrastructure for all digital wallets in the market, enabling the connection of local wallets to global payment networks and improving the experience of sending and receiving money locally and internationally. In this context, 'Wink Neo' plays a pivotal role as an advanced technological platform that allows other institutions and e-wallets to offer sophisticated financial services without building their own systems. Wink Neo acts as a ready-to-integrate back-office solution supporting any digital wallet seeking to enable send and receive capabilities with speed, safety, and low cost. By integrating with 'MasterCard Send', users in Lebanon can now: Fund their wallets from any local or international cards through Account Funding Transactions (AFT) from any local or international cards through Send money instantly to any card or account, locally or internationally using Original Credit Transfer (OCT) This enhances the flexibility of money transfers and reduces reliance on traditional, costly, and slow methods. Ms. Randa Bdeir, Deputy General Manager and Head of Electronic Payment Solutions and Card Technologies at Credit Libanais Bank, stated: 'The MasterCard Send service offers our clients a modern and secure alternative to traditional transfer methods, thanks to its global reach and competitive cost, making it an effective tool to advance financial inclusion in Lebanon.' She added: 'In a country like Lebanon, which heavily depends on money transfers and remittances to support its economy, services like 'MasterCard Send' play a vital role. They empower individuals across different segments of society by: * Enabling Lebanese students abroad to receive money transfers from their families instantly and at low cost. * Allowing Lebanese expatriates working abroad to send money to their families through this service using cards—quickly, efficiently, and with minimal fees. * And finally, enabling foreign workers in Lebanon to use this service to send money back to their home countries instantly and affordably.' Mr. Mohamed Assem, Mastercard's Regional Manager for Egypt, Lebanon, and Iraq, stated: 'This collaboration falls in line with our strategy to enhance financial inclusion in Lebanon. By combining Credit Libanais Bank's deep local market expertise with MasterCard's global leadership in payment solutions, we are empowering individuals to engage with the global economy, support digital inclusion, and drive economic growth.'
Zawya
3 days ago
- Business
- Zawya
EG Bank, Mastercard join forces to reinforce digital payment services
Arab Finance: Egyptian Gulf Bank (EG Bank) has teamed up with Mastercard to boost financial accessibility, expand digital payment adoption, and provide affluent individuals with new segments to the bank's card portfolio, as per an emailed press release. The collaboration aligns with EG Bank's strategy to offer a convenient, seamless, and secure payment experience for its customers. Under the partnership deal, Mastercard will support the EGX-listed lender in developing its portfolio of debit, credit, and commercial cards, which will secure tailored financial solutions with additional benefits. The bank seeks to attract new customer segments by offering different banking services to individuals, businesses, and corporations. This is in addition to a wide range of digital banking services, such as mobile banking and internet banking, enabling customers to manage their accounts and conduct transactions remotely. Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, said: 'This collaboration underscores our joint commitment to driving the growth of the digital payment ecosystem, unlocking new opportunities for sustainable financial empowerment.' Yasmeen Galal, Head of Consumer Banking and SMEs at EGBANK, commented: 'Our collaboration with Mastercard marks a significant milestone in our strategy to diversify our product offerings and enhance our customers' banking experience.' 'This collaboration enables us to offer seamless and rewarding financial solutions that meet the evolving needs of today's consumers while driving long-term growth and innovation in Egypt's financial landscape,' Galal added. In the first quarter (Q1) of 2025, EG Bank posted 27% year-on-year (YoY) higher consolidated net profits after tax at EGP 758.713 million in the first quarter (Q1) of 2025, compared to EGP 596.541 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
Mastercard and EGBANK collaborate to expand digital payments and premium offerings
Cairo, Egypt – EGBANK has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption and introduce affluent new segments to the bank's card portfolio. The collaboration aims to strengthen EGBANK's strategy and reinforces its commitment to delivering convenient, seamless and secured payment experience. Mastercard will support EGBANK in developing its portfolio of debit, credit, and commercial cards, offering tailored financial solutions with enhanced benefits. Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, said: 'We are thrilled to join forces with EGBANK to support the development of the bank's card portfolio, and expansion strategy. This collaboration underscores our joint commitment to driving the growth of the digital payment ecosystem unlocking new opportunities for sustainable financial empowerment.' Yasmeen Galal, Head of Consumer Banking & SMEs at EGBANK, said: 'Our collaboration with Mastercard marks a significant milestone in our strategy to diversify our product offerings and enhance our customers' banking experience. By leveraging cutting-edge payment solutions, we are not only strengthening our portfolio but also expanding our reach to new customer segments. This collaboration enables us to offer seamless and rewarding financial solutions that meet the evolving needs of today's consumers while driving long-term growth and innovation in Egypt's financial landscape.' By expanding its offerings, EGBANK aims to tap into new customer segments. The bank offers a diverse range of banking services to individuals, businesses, and corporations, in addition to a range of digital banking services, such as mobile banking and internet banking, which allow customers to manage their accounts and conduct transactions remotely.
Daily News Egypt
03-06-2025
- Business
- Daily News Egypt
Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival in exclusive ‘Spend & Win' campaign
Suez Canal Bank, in partnership with Mastercard, has successfully concluded its 'Spend & Win' campaign, awarding one lucky winner and a guest an exclusive, all-expenses-paid trip to the 82nd Venice International Film Festival — one of the world's most prestigious cultural events. This unique reward highlights the shared commitment of both institutions to deliver exceptional, lifestyle-enhancing experiences to their valued clientele. Running from May 9 to June 9, 2025, the campaign was open to Suez Canal Bank Mastercard Platinum credit cardholders. To qualify, participants needed to make at least one transaction of EGP 10,000 or more during the campaign period, with a total minimum spend of EGP 50,000 per card. Eligible cardholders were automatically entered into a draw for the grand prize: an unforgettable Venice Film Festival experience. The campaign spotlighted the Mastercard Platinum credit card, positioning it not just as a financial tool, but as a gateway to premium experiences around the world. Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, stated: 'For over 25 years, Mastercard has led the way in connecting people to their passions through our Priceless platform. This collaboration with Suez Canal Bank continues that tradition by offering cardholders access to one of the globe's most iconic cultural events. It's a testament to how Mastercard turns everyday spending into unforgettable memories.' Akef Elmaghraby, CEO and Managing Director of Suez Canal Bank, said: 'We are proud to reward our winner with a truly exceptional experience at the Venice International Film Festival. This initiative reflects our vision of providing more than just financial services — it's about elevating our customers' lifestyles through exclusive partnerships like this one with Mastercard.' Suez Canal Bank's Mastercard Platinum credit card offers a wealth of benefits that go far beyond banking. Cardholders enjoy access to over 1,200 VIP airport lounges worldwide, a comprehensive medical tourism concierge for travelers, and premium discounts across travel, shopping, and entertainment. In addition, clients receive complimentary Concierge services — acting as a personal assistant to help manage daily tasks, including travel arrangements, personal shopping, and even government paperwork. This campaign is a clear reflection of Suez Canal Bank and Mastercard's ongoing strategy to redefine banking through innovation, exclusivity, and meaningful customer experiences. By transforming routine spending into opportunities for global adventures, the partnership continues to set a high bar in customer engagement and satisfaction.
bnok24
03-06-2025
- Business
- bnok24
Mastercard and Suez Canal Bank Award .. Exclusive, The Venice International Film Festival experience to one lucky winner
بنك قناة السويس Suez Canal Bank, in collaboration with Mastercard, has successfully concluded its Spend & Win Campaign), awarding one distinguished winner Plus One a once-in-a-lifetime experience at the 82nd Venice International Film Festival. This exclusive experience reflects both the Bank and Mastercard's ongoing commitment to providing unparalleled rewards and opportunities to their valued customers The (Spend & Win) campaign invited (Suez Canal Bank MasterCard platinum Credit Card holders) to participate from (9th of May 2025) till (9th of June 2025) To enter the Campaign, customers required to (Spend with his Mastercard platinum credit card at least one qualifying transaction with minimum amount EGP 10K during the campaign period with minimum qualifying spend amount per card of EGP 50K) Eligible participants who fulfilled the campaign requirements will automatically enter a Spend & Win campaign to win the grand prize: an exclusive trip to the 82nd Venice International Film Festival The campaign spotlighted specific Mastercard products, including (Mastercard platinum credit card), reinforcing their positioning as gateways to world-class experiences Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, commented: 'For more than 25 years, Mastercard has stood as a global leader in connecting people to their passions through our Priceless platform. This collaboration with Suez Canal Bank is an exciting extension of that legacy. We are proud to offer our cardholders the opportunity to experience one of the world's most celebrated cultural events, highlighting how Mastercard continues to make dreams a reality for our loyal customers Akef Elmaghraby, CEO and Managing Director of Suez Canal Bank, said: 'We are proud to celebrate our winner's journey to the Venice International Film Festival — a truly exceptional experience. This initiative reflects our broader vision of enriching the lives of our valued Mastercard platinum credit card holders beyond traditional banking. through our collaboration with Mastercard, we continue to deliver exclusive opportunities that embody the luxury, sophistication, and ambition that define our customers' lifestyles Suez Canal Bank's portfolio of affluent Mastercard cards offers far more than just financial services — it's an entryway to a world of luxury. With a range of exceptional services and benefits, (Mastercard platinum credit card) cardholders enjoy seamless access to over 1,200 VIP airport lounges worldwide, and comprehensive medical tourism concierge for travel. Beyond that, cardholders gain access to exclusive discounts and offers that elevate their shopping and travel experiences, ensuring a life of unparalleled convenience, security, and prestige in addition to the exclusive Mastercard benefits, Suez Canal Bank is offering this premium card with a complimentary Concierge service designed to enhance the lifestyle of our Elite clients. This service acts as a personal assistant, ensuring efficiency and convenience by handling essential daily tasks such as personal shopping, navigation assistance, government-related errands, holiday planning, and seamless travel coordination, including flight reservations This campaign aligns seamlessly with Mastercard and Suez Canal Bank's shared vision of creating richer, more rewarding banking experiences for their customers. By continuously offering unique rewards and opportunities, both companies demonstrate their commitment to going beyond traditional banking — turning everyday card usage into memorable moments and valuable experiences Google News تابعونا على تابعونا على تطبيق نبض
