{"id":323435,"date":"2021-09-21T15:41:07","date_gmt":"2021-09-21T15:41:07","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323435"},"modified":"2021-09-21T15:41:07","modified_gmt":"2021-09-21T15:41:07","slug":"cib-signs-a-new-5-year-deal-with-visa-to-support-smes","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/09\/21\/cib-signs-a-new-5-year-deal-with-visa-to-support-smes\/","title":{"rendered":"CIB Signs a New 5-Year Deal with Visa to support SMEs"},"content":{"rendered":"<p><span style=\"text-transform: initial;\">Commercial International Bank (CIB), Egypt\u2019s leading private sector bank and Visa, the world\u2019s leader in digital payments, announced a new 5-year commercial deal to implement the strategic objectives of both Visa and CIB and the nation\u2019s strategy to support<\/span> SMEs.<\/p>\n<p>This partnership will attract new entrepreneurial flows into the market by giving CIB business banking customers exclusive benefits to manage their business efficiently and adapt to the market\u2019s fluctuating nature. Building on the support Visa provides to support small businesses worldwide through its various business solutions, the partnership will also allow businesses to flourish using new platforms and solutions such as a streamlined payment and acceptance solution.<br \/>\n\u201cOur partnership with CIB puts digital solutions and capabilities in the hands of promising business owners, giving them access to the digital economy both in Egypt and abroad,\u201d said Malak El Baba, Visa\u2019s Country Manager for Egypt. \u201cThrough the implementation of new digital tools, SMEs will be able to expand and optimize local and international payment options, which is within the framework of Visa\u2019s strategy to facilitate global money movement.\u201d<br \/>\n\u201cWe are looking forward to utilizing this partnership in growing new ventures, as small and medium businesses play an integral role in our communities,\u201d said Rashwan Hammady \u2013 CIB\u2019s Head of Retail Segments &amp; Products \u201cThrough Visa\u2019s advanced solutions and technological capabilities as well as future partner initiatives, CIB\u2019s business banking customers will be able to scale their businesses to the next level.\u201d<br \/>\nCIB recently launched its segment CIB Growth, designed to facilitate business banking for small enterprises with a turnover of less than EGP 50 million. In line with Egypt\u2019s 2030 Growth Strategy, CIB is also committed to growing the financing of SMEs with a special focus on women-owned businesses. Through this partnership, CIB and Visa will bring innovative, tailored solutions for women entrepreneurs with the help of Visa\u2019s advanced digital payments tools and network capabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial International Bank (CIB), Egypt\u2019s leading private sector bank and Visa, the world\u2019s leader in digital payments, announced a new 5-year commercial deal to implement the strategic objectives of both Visa and CIB and the nation\u2019s strategy to support SMEs.<\/p>\n","protected":false},"author":4,"featured_media":323436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-323435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIB Signs a New 5-Year Deal with Visa to support SMEs - 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