Visa awarded Banque Misr the 'Fastest Growing Bank in Visa Credit Card Volume 2022' award in Egypt.
Banque Misr achieved a new achievement at the beginning of this year with the award of the fastest growing credit card operations with the 2022 logo "Higher Visa Consumer Credit PV Growth Rate" in Egypt.
Mr. Andrew Touré, President of Visa in Central Europe, Africa and the Middle East, delivered the award to Professor Mohamed El Eterbi, Chairman of the Board of Directors of Banque Misr.
Mr. Mohammed Al-Atrabi, Chairman of the Board of Directors of Banque Misr, said: We highly value our outstanding strategic partnership with Visa. We are pleased to receive this award and will see a new phase of prosperity during the coming period in conjunction with the launch of the Visa Signature card. Which will give exclusive benefits to customers by allowing them to recover 5% cash for their purchases in several categories using Visa cards under the rules, terms and conditions governing this.
Etrabi also stressed that Banque Misr strives to enter into many partnerships and initiatives that enable our customers to have a pleasant banking experience while providing various leading digital payment solutions to meet customers' needs and facilitate access to different segments of society and achieve financial inclusion in line with the direction of the country.
For its part, Leila Sarhan, Regional Director and Vice Chairman of the Board of Directors stated to lead Visa's business in North Africa, the Mashreq countries and Pakistan: "We take pride in our partnership with Banque Misr, one of the leading banks in the region, which is highly able to keep abreast of market developments. This award comes within the framework of fruitful and constructive cooperation between Visa and Banque Misr over the past years to achieve our digital payments strategy. We work closely with banks, government and our fintech partners to provide innovative, secure and rewarding electronic payments solutions with sophisticated and competitive benefits.
Banque Misr was established in 1920 by the pioneer economist Mohamed Talaat Harb Pasha, who came up with the concept of investing national saving and directing them towards economic and social development and thus Banque Misr became the first bank to be wholly owned by Egyptians. Banque Misr has also established major investment funds in Egypt as a part of a diversified portfolio, and has been granted an award by the Global Finance Treasury and Cash Management Awards, as the "Best Provider of Money Market Funds in Africa and the Middle East for the year 2009 and 2010", and "Best Provider of Money Market Funds in the Middle East for the year 2008, 2012, 2013 and 2014", and "Best provider of Money Market funds and short- term investments in the Middle East for the year 2015,2016 and 2017".
