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Housing and Development Bank to expand card portfolio in collaboration with Mastercard

Electronic Payments · ·by G4L

MA Mastercard Incorporated
$655.81 +0.48%
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  1. 1Housing and Development Bank is partnering with Mastercard to develop debit, credit, and commercial card portfolios.
  2. 2The bank, which has 2 million HDB customers, will utilize Mastercard's technology platform and international network.
  3. 3HDB aims to strengthen its leading position in the Egyptian banking market through 100 branches and 457 ATMs.

So what's the key point?

Housing and Development Bank has decided to create various new types of cards together with Mastercard. This move aims to increase the bank's influence in the Egyptian market by using Mastercard's technology.

Source Electronic Payments · View original ↗

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