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In a step aimed at supporting Egypt's digital economy, Housing and Development Bank (HDB) and Mastercard announced a strategic partnership to develop the bank's debit and credit card offerings, delivering more innovative and secure banking services that meet customers' growing expectations.

Partnership Goals and Areas of Collaboration

The partnership focuses on comprehensively enhancing the customer experience and expanding reach to target segments, contributing to:

Expanding Payments Scope: Enabling the bank to deliver advanced and swift payment solutions leveraging Mastercard's global technologies.

Consolidating Market Position: Strengthening HDB’s position as one of the leading universal commercial banks in the Egyptian market.

Driving Digital Transformation: Contributing to shaping the future of electronic payments and crafting the next generation of financial services in Egypt.

Executive Statements

Mohamed Assem (General Manager for Egypt, Iraq, Lebanon, and Syria at Mastercard): Noted that Egypt's digital economy is experiencing rapid growth, emphasizing that combining Mastercard's global network with HDB's strong market presence will positively impact the card portfolio and shape the future of payment services.

Yehia Abou El Fotouh (CEO and Managing Director of Housing and Development Bank): Confirmed that the partnership aligns with the bank’s vision to offer an exceptional customer-centric banking experience. It enables HDB to leverage Mastercard’s advanced technologies to deliver safe, seamless products that adapt to evolving market demands and ensure sustainable growth.