Codebase and E-Finance Forge a Strategic Partnership to Advance Digital Banking Services in Egypt
The globally renowned digital banking solutions provider, Codebase Technologies, announced today its groundbreaking strategic partnership with E-Finance Group, a leading company in electronic payment technology and digital banking services in Egypt. This partnership was unveiled on the sidelines of the Cairo ICT 2023 conference, underscoring both companies’ commitment to accelerating the transition towards advanced digital banking services.
Banking as a Service: Advancing Digital Financial Services
This strategic move aligns with Egypt’s vision to transition into a cashless society and achieve financial inclusion. Mr. Ibrahim Serhan, Chairman of the Board of E-Finance Investment Group, praised the new partnership, expressing pride in delivering specialized services to support emerging banks and financial technology companies. These services will enable access to a secure cloud computing infrastructure aimed at achieving Egypt’s digital financial transformation goals, with support from global company Visa.
Integrating Expertise to Drive Digital Transformation
Tamer El Moq, CEO of Codebase Technologies in the Middle East and North Africa, expressed delight in combining E-Finance’s expertise in operating digital financial services with their extensive experience in executing global projects. This integration will be facilitated through the innovative Digibanc platform, facilitating banking services via cloud-based “BaaS” for digital banks and financial technology companies. This collaboration is poised to significantly enhance digital financial innovation and deliver services that positively impact Egypt’s journey towards digital transformation.
Visa’s Vision to Support the Digital Economy
On the other hand, Malak El Baba, General Manager of Visa in Egypt, affirmed Visa’s commitment to supporting digital banking services in Egypt, emphasizing the importance of accessing the digital economy to elevate individuals and businesses. She also pledged full support for the strategic partnership between the two companies, both considered key partners in the region, with the aim of enabling digital banking services in Egypt.
This pioneering strategic partnership between Codebase Technologies and E-Finance opens a new chapter of progress and innovation in Egypt’s digital banking services landscape. This partnership embodies a robust vision to elevate financial infrastructure and provide more effective and seamless banking experiences for citizens and businesses in the Egyptian market.
