Banque Misr has achieved another milestone that reflects its leadership in non-cash payment solutions within the international corporate banking products sector, as the bank received a commemorative shield from Visa for Digital Payments in recognition of its success in launching a diverse portfolio of six corporate card schemes within one year, marking a first among banks operating in the Arab Republic of Egypt.
Over the past year, Banque Misr successfully delivered a comprehensive suite of corporate card solutions, including Visa Credit Cards across various tiers (Classic, Platinum, and Signature), offering diverse credit limits tailored to meet the needs of companies of different sizes. The Bank also provided Corporate Debit Cards in Platinum and Signature tiers denominated in Egyptian Pounds, in addition to the Visa Platinum Debit Card denominated in US Dollars.
This recognition comes within the framework of the “Success Partners” agreement signed between Banque Misr and Visa, the global leader in digital payments, which aims to further strengthen cooperation between the two institutions in delivering advanced banking solutions that support digital transformation and create added value for corporate and institutional clients.
The commemorative shield was received by Mr. Hisham Okasha, Chief Executive Officer of Banque Misr, from Ms. Leila Serhan, Senior Vice President and Group Country Manager for North Africa, the Levant, and Pakistan at Visa, in the presence of Mr. Hossam Eldin Abdelwahab, Deputy Chief Executive Officer of Banque Misr; Mr. Ahmed El Kady, Head of International Corporate and Financial Institutions Products Sector at Banque Misr; and Ms. Malak El Baba, Country Manager for Visa in Egypt, Libya, and Sudan, alongside a number of senior executives from Banque Misr and Visa.
Hisham Okasha, Chief Executive Officer of Banque Misr, said: “We take great pride in our distinguished strategic partnership with Visa for Digital Payments, and we are pleased to receive this commemorative shield, which reflects the success of the joint cooperation between both sides in delivering innovative banking solutions that meet the needs of our corporate and institutional clients. Banque Misr is always keen to enhance the customer experience by expanding its offering of advanced digital banking services for the corporate sector, in support of the state’s drive toward digital transformation and financial inclusion, while also providing more efficient and flexible banking services that keep pace with the rapid developments in the banking sector.”
Hossam Eldin Abdelwahab, Deputy Chief Executive Officer of Banque Misr, said that this achievement reflects the bank’s continued commitment to developing and diversifying the products and services offered to corporate clients, and to promoting the spread of cashless payment tools in line with the state’s direction toward supporting the digital economy. He added that Banque Misr’s corporate cards provide secure and flexible solutions for managing payments and expenses locally and internationally, helping improve business efficiency and facilitate financial transactions for various companies and institutions.
Leila Serhan, Senior Vice President and Group Country Manager for Visa in North Africa, Levant, and Pakistan, said: “We are proud of our longstanding partnership with Banque Misr, which reflects our shared commitment to supporting the digital transformation journey and developing innovative payment solutions that meet the needs of the corporate and institutional sector. This recognition celebrates the remarkable achievement Banque Misr has made in launching a comprehensive and diverse suite of corporate cards within one year, contributing to more efficient cashless payments and enabling businesses to manage expenses and financial transactions with greater security and flexibility. At Visa, we remain committed to continuing our cooperation with partners in the banking sector to expand the scope of digital solutions and support the growth of the digital economy in Egypt and the region.”
Malak El Baba, General Manager of Visa in Egypt, Libya, and Sudan, said: “This achievement reflects the strength of the collaboration between Visa and Banque Misr in delivering advanced business solutions capable of creating a tangible impact on the way companies manage their payments and expenses. By combining Visa’s global expertise in digital payment technology with Banque Misr’s deep local market reach and its ability to serve diverse business segments, we are creating a powerful platform to support companies with solutions that are more secure, flexible, and efficient. Through this partnership, we are working to help companies in Egypt simplify their financial operations, strengthen expense control, and accelerate the shift toward digital payments, thereby supporting business growth and enhancing the competitiveness of the Egyptian market.”
Banque Misr continues its commitment to developing integrated digital banking solutions for the corporate sector, strengthening its position as one of the leading banks in offering smart financial solutions that keep pace with the latest global developments and meet customer needs with efficiency and flexibility.
