Mastercard and Egypt’s Housing and Development Bank (HDB) have entered a strategic collaboration to strengthen the bank’s debit, credit and commercial card offerings, with a focus on expanding access to secure payment solutions and enhanced customer benefits.
The partnership will cover several strategic areas, including premium customer experiences and deeper engagement with targeted customer segments. It is expected to help HDB expand its card portfolio and strengthen its position in the Egyptian market by leveraging Mastercard’s technology and global payment network.
Mohamed Assem, Mastercard’s Country Manager for Egypt, Iraq, Lebanon and Syria, said the collaboration combines Mastercard’s global technology and network with HDB’s market presence to support the development of Egypt’s payments sector.
Yehia Aboulfotouh, Chief Executive Officer and Managing Director of Housing and Development Bank, said improving customer experience remains central to the bank’s strategy. He highlighted the partnership’s role in strengthening payment capabilities and delivering secure, convenient and innovative solutions.
The collaboration also supports HDB’s plans to develop its banking products and services, expand customer benefits and strengthen its card portfolio.
For Mastercard, the partnership reflects its continued engagement with financial institutions in Egypt as the country’s digital economy and electronic payments ecosystem continue to develop.
