EGBank and Network International Sign Strategic Partnership Agreement to Enhance Customer Experience
Network International, a leading enabler of digital commerce in the Middle East and Africa, announced the signing of an agreement with EGBank (Egyptian Gulf Bank) to enhance their existing strategic partnership to include digital transformation in ATM-based payment processing.
This partnership marks a significant milestone in improving the banking experience for EGBank’s customers and enabling the bank’s digital transformation with innovative solutions.
This partnership will leverage Network International’s expertise and capabilities to boost EGBank’s competitiveness in the Egyptian market.
It will also strengthen Network International’s existing partnership with the bank by introducing cutting-edge payment technologies and solutions to enhance consumer trust and convenience.
Hossam El Shalakamy, Deputy Managing Director at EGBank, said: “We are delighted to expand our strategic partnership with Network International and enter a new phase of growth.
By leveraging Network’s expertise, we will be able to launch new products and services in the market that will facilitate our digital transformation in payments and provide a superior experience for our customers, reinforcing our pivotal role in the Egyptian financial market.”
Dr. Reda Helal, Managing Director and CEO of Processing at Network International – Africa, and Co-Managing Director of Group Processing at Network International, commented: “We are pleased to strengthen our existing partnership with EGBank to assist in their digital transformation in processing customer payments via their ATMs.
Implementing Network International’s innovative solutions underscores the bank’s impact in the Egyptian market by providing exceptional payment experiences.
We look forward to seizing the opportunities ahead and achieving new heights of success through our collaboration.”
EGBank is the fastest-growing bank in Egypt. Over the past seven years, the bank has grown significantly across all fronts, doubling its assets, profits, branch network, and customer base.
EGBank has positioned itself as the bank of youth by launching a dedicated youth platform called “Mint,” whose primary mission is to develop the skills and capabilities of Egyptian youth.
Established in 1981 under Investment Law 43/1974 and its amendments, EGBank has witnessed steady growth and maintained a strong level of profitability and portfolio quality.
Since early 2015, the bank has pursued a smart competitive strategy focusing on self-expansion within the Egyptian market, aiming for sustainability and delivering a continuously evolving banking experience for customers while promoting an entrepreneurial culture.
In recent years, EGBank has experienced a growth surge due to its ambitious expansion and development strategy, making it one of the leading banks and financial institutions in Egypt.
Network International is the largest and most prominent digital payments company in the Middle East and Africa. Its main goal is to assist businesses and strengthen economies by simplifying payment and commerce processes.
The company operates in over 50 countries, providing services to governments, banks, fintech companies, merchants, and government-owned corporations.
Network International employs more than 2,000 digital payment experts in these markets and has a customer base exceeding 200 financial institutions and 120,000 merchants.
