PYMNTS
24 May 2026, 23:36 UTC · 2h ago
Source · https://www.pymnts.com/mastercard/2026/mastercard-and-cib-team-to-boost-digital-payments-in-egypt/
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Mastercard has renewed its digital payments partnership with CIB, Egypt's largest private-sector bank, to enhance card issuance and digital capabilities. — Expanding digital payment penetration in a major emerging market typically supports long-term transaction volume growth for the network provider.
+0.20Mastercard launched the 'Built Small. Moving Strong.' program to provide SMBs in the Middle East and North Africa with financial tools to mitigate regional conflict disruptions. — This is a strategic effort to retain and support a vulnerable client segment (SMBs) during macroeconomic instability.
+0.10Research by PYMNTS Intelligence and Mastercard shows that 57% of U.S. SMBs now source goods from overseas suppliers. — Increases the addressable market for cross-border payment solutions and foreign exchange services.
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Renewing a partnership with Egypt's largest private bank and launching a support program for SMBs in the MENA region.
Mention of executive departures following the arrival of a new CEO.
Making a strategic $11 billion bid to acquire Delivery Hero to expand its footprint.
