The Commercial International Bank (CIB) in Egypt has partnered with Majeed Al Fattouh and Visa to launch CIB SHARE Visa credit cards. As the largest private sector bank in Egypt, CIB aims to enhance daily life and shopping experiences for its customers. The new credit cards offer a convenient payment solution and valuable rewards on everyday spending, including shopping, groceries, dining, and entertainment.
The CIB SHARE Visa credit cards provide customers with a cashback of up to 8% on spending within the Majeed Al Fattouh ecosystem and 1% on other purchases. The cards are part of the SHARE program, which connects millions of members across the UAE, Egypt, Saudi Arabia, and Oman, making it the largest shopping network in the region. Cardholders can redeem their points for various rewards, including free cinema tickets, grocery delivery, and exclusive discounts.
Yaser Abdallah, Executive Vice President of Retail Banking and Commercial Banking at CIB, highlighted the bank's commitment to digital transformation and delivering value to customers. He emphasized that the partnership with Majeed Al Fattouh and Visa reflects CIB's expertise in issuing co-branded cards that cater to customers' diverse needs. The new credit cards aim to become a preferred choice for customers' daily purchases.
Darin Taylor, Senior Vice President of the SHARE rewards program and Customer Solutions at Majeed Al Fattouh, noted that the partnership offers a unique experience for customers in Egypt. The CIB SHARE Visa credit cards provide a comprehensive rewards program, with up to 8% cashback at over 3,500 stores and four shopping malls. Taylor emphasized that the SHARE program aims to create the most rewarding shopping experience for customers.
Malak El Baba, Vice President and Country Manager of Visa in Egypt, Libya, and Sudan, highlighted the significance of the partnership in promoting digital payments in Egypt. She noted that the CIB SHARE Visa credit cards combine Visa's global payment technology with CIB's banking expertise and Majeed Al Fattouh's shopping and entertainment ecosystem. The cards offer a seamless digital experience and rewarding benefits on everyday spending.
The CIB SHARE Visa credit cards come with various benefits, including free cinema tickets and popcorn, grocery delivery, and exclusive discounts at Majeed Al Fattouh's shopping malls and entertainment venues. Customers can choose from three categories of cards that suit their spending habits. The cards also offer a contactless payment solution, making transactions faster and more convenient.
The partnership between CIB, Majeed Al Fattouh, and Visa aims to accelerate the shift towards digital payments in Egypt. The CIB SHARE Visa credit cards provide customers with a secure, convenient, and rewarding payment solution that integrates with their daily lives. With its comprehensive rewards program and exclusive benefits, the new credit cards are expected to become a popular choice among Egyptian consumers.
Key points
- CIB Bank partners with Majeed Al Fattouh and Visa to launch CIB SHARE Visa credit cards with cashback and rewards on daily spending.
- The credit cards offer up to 8% cashback on spending within the Majeed Al Fattouh ecosystem and 1% on other purchases.
- The partnership aims to promote digital payments and provide customers with a convenient and rewarding payment solution.
