EGBANK and Network International sign strategic partnership to enrich customer experience

Published On : 18 July 2024

Network to support digital payment transformation in EGBANK’s ATM acquiring business
Agreement underscores Network’s commitment to innovation in payment solutions to cater to evolving needs of Egyptian market

Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its ongoing strategic partnership with EGBANK to transform the bank’s ATM acquiring service. This partnership is a significant milestone in enhancing the banking experience for EGBANK’s customers and enabling the bank’s digital transformation with innovative solutions.

The partnership will leverage Network’s expertise to enhance EGBANK’s competitiveness in the Egyptian market. It also strengthens Network’s existing partnership with EGBANK with the introduction of payment technology and innovative solutions for enhancing consumer trust and convenience.

Hossam El Sholkamy, Deputy CEO of EGBANK, said, “We are thrilled to enter a new phase of growth through the strategic partnership with Network International. Using Network’s expertise, we are shaping the market with new products and services that will facilitate our digital payment transformation, offering an elevated experience for our customers and emphasising our pivotal role in the Egyptian financial market.”

Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, commented: “We are excited to extend our existing partnership with EGBANK to transform digital payments for their customers in the ATM acquiring side of the business. Implementing Network’s innovative solutions underlines the bank’s impact in the Egypt market by providing superior payment experiences. We look forward to capturing the opportunities that lie ahead and achieving new heights of success by working together.”