WE and CIB partner to offer advanced digital financial services in Egypt
WE, the retail brand of Telecom Egypt and country's leading telecommunications and information technology service provider, has announced a strategic partnership with the Commercial International Bank (CIB), the country's largest private sector bank. The collaboration aims to deliver an innovative model that expands access to financial services for WE customers across Egypt.
Under the memorandum of understanding, CIB will develop financial products and services tailored specifically for WE customers, utilising the latest digital models and programmes within a Banking-as-a-Service framework. The partnership will leverage WE's extensive geographical reach, distribution channels, and services offered to millions of customers, creating added value for both organisations and contributing to financial literacy, the integration of the informal economy, and greater financial inclusion.
This initiative aligns with Egypt's digital transformation goals, promoting financial inclusion by integrating banking services within the WE digital ecosystem. The collaboration also reflects CIB's commitment to innovation and customer-centric banking, ensuring financial services are available anytime, anywhere.
By combining their efforts, WE and CIB are setting a new standard for cooperation between the banking and telecommunications sectors, paving the way for a more connected and financially inclusive future.
'We place our customers at the top of our priorities, and through this partnership with CIB, we are taking a new step towards providing integrated digital financial services that facilitate the lives of millions of Egyptians,' said Mohamed Nasr, Managing Director and CEO of Telecom Egypt. 'Our extensive geographical reach and advanced digital infrastructure, coupled with our presence in every Egyptian home, enable us to reach our customers with valuable offerings that meet their needs and enhance their experience.'
Nasr added, 'This partnership represents a key pillar in our strategy to promote financial inclusion and contribute to building a more inclusive and sustainable digital economy. We are proud to partner with CIB to provide a seamless banking experience within our ecosystem.'
Rashwan Hammady, Chief Retail, Commercial Banking and Financial Inclusion Executive at CIB, stated, 'We have a deep belief in the importance of leveraging technology, data analysis, and building strategic partnerships to enhance access to financial services in an innovative way. This partnership represents an important step towards a more advanced digital banking future, by combining CIB's banking expertise and our digital development with WE's vast infrastructure and unparalleled geographical reach.'
Hammady added, 'We aspire that our cooperation with WE will enable millions of customers to benefit from banking services easily and safely, enhancing our commitment to digital innovation and financial inclusion.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CairoScene
an hour ago
- CairoScene
Hit Comedy ‘Siko Siko' to Stream Exclusively on Yango Play This Eid
Still showing in cinemas, 'Siko Siko' has already pulled in over EGP 181 million and SAR 3.5 million in just eight weeks. Jun 04, 2025 Just in time for Eid Al-Adha, Yango Play is treating users to a festive surprise with the exclusive digital premiere of 'Siko Siko', the hit Egyptian comedy-action film. Still showing in cinemas, 'Siko Siko' has already pulled in over EGP 181 million and SAR 3.5 million in just eight weeks. Written by Mohamed El Dabbah and directed by Omar El Mohandes, the film stars rising stars Essam Omar and Taha Dessouky, along with Ali Sobhi, Tara Emad, Diana Hisham, Ahmed Abdel Hamid, and Mahmoud Sadeq Hadouta. It also features cameos by Bassem Samra and Khaled El Sawy. The story follows two young men: one works at a shipping company, while the other is a video game addict. Their lives are turned upside down when they find themselves caught in a whirlwind of danger, chaos, and high-stakes misadventures. With its blend of action and comedy, the film has struck a chord with audiences across the region. The exclusive release on Yango Play follows a successful Ramadan season for both Omar and Dessouky, who earned praise for their performances in the hit TV series 'Wlad El Shams' and 'Nos El Shaab Esmo Mohamed', respectively.
Egypt Today
4 hours ago
- Egypt Today
United Media Services and Aseer Alkotob Partner to Bring Arabic Literature to the Screen
In a shared mission to support cultural and creative content, United Media Services has signed a collaboration protocol with publishing house Aseer Alkotob. The partnership aims to select and adapt standout Egyptian and Arab literary works — including novels, short stories, and autobiographies — into compelling drama productions for Arab audiences. This collaboration reflects a mutual belief in the power of uniting cultural and creative efforts with the media industry, to elevate Arab literature on screen and create content worthy of Egypt's rich cultural legacy and media leadership.
Daily News Egypt
4 hours ago
- Daily News Egypt
Egypt's Abdelatty, Benin FM discuss bilateral ties, African security
Egypt's Foreign Minister, Badr Abdelatty, held political consultations with Benin's Foreign Minister, Olushegun Adjadi Bakari, on Tuesday, to discuss ways to support bilateral relations and address challenges facing the African continent. Foreign Ministry Spokesperson Ambassador Tamim Khallaf stated that Minister Abdelatty welcomed the Beninese Foreign Minister's visit, which comes within the framework of the political consultation mechanism signed between the two countries in February 2000. Abdelatty expressed interest in enhancing economic cooperation and trade exchange between the two nations, and elevating cooperation in various fields including construction, infrastructure, tourism, culture, electricity and renewable energy, sanitation, pharmaceuticals, cotton and textiles, and agro-industrial and food processing. The Foreign Minister, in this context, emphasised the interest of Egyptian private sector companies in entering the Beninese market, highlighting the expertise of Egyptian companies in infrastructure, energy, and construction projects in various African countries. Minister Abdelatty also welcomed Benin's participation in training courses offered by the Egyptian Agency of Partnership for Development (EAPD), noting that Benin has benefited from 208 training courses with a total of 366 trainees. He also pointed to existing cooperation in combating terrorism and extremist ideology, whether through Al-Azhar Al-Sharif missions and the training of preachers and imams, or through training courses provided by the Agency. Minister Abdelatty stressed Egypt's keenness on achieving security and stability in the Sahel and West Africa region, affirming support for Benin in its counter-terrorism efforts, especially since the deteriorating security situation in the Sahel region impacts all countries in the area, including Sudan, Libya, and the states bordering the Gulf of Guinea. The spokesperson added that the Foreign Minister briefed his Beninese counterpart on developments in the Middle East and Egypt's mediation efforts to stop the Israeli aggression on Gaza. He also addressed the parameters of Egypt's position on the crisis in Sudan, and developments in the Horn of Africa and the Red Sea region, affirming Egypt's commitment to participating in the African Union Transition Mission in Somalia (ATMIS) as part of supporting stability in the Horn of Africa. At the end of the consultations, the two ministers signed a Memorandum of Understanding (MoU) for cooperation in diplomatic training, to train a number of Beninese diplomats at the Institute for Diplomatic Studies affiliated with the Ministry of Foreign Affairs. They also signed an MoU for the mutual exemption of entry visas for holders of official passports, to facilitate and expedite mutual visits for further strengthening relations between the two countries.
