TechPression

Tag: card

  • Mastercard unveils UEFA Champions League Credit Card in Egypt

    Mastercard unveils UEFA Champions League Credit Card in Egypt

    Mastercard, in partnership with the National Bank of Egypt (NBE), has introduced the UEFA Champions League Mastercard Credit Card, the first of its kind in Egypt. 

    This innovative card offers NBE cardholders exclusive benefits and cashback on online purchases, targeting young football enthusiasts and strengthening the partnership between Mastercard and NBE.

    Elevating Cardholder Experience

    Adam Jones, Country General Manager, MENA Central, Mastercard, expressed delight in collaborating with NBE to enhance the cardholder experience. He emphasised the card’s role in connecting fans with their passion for football, offering unparalleled privileges that reflect Mastercard’s commitment to delivering priceless experiences.

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    “We are delighted to collaborate with the National Bank of Egypt and elevate the cardholder’s experience beyond expectations. This partnership is another testament to connecting fans with their passion. As a UEFA Champions League Partner of more than 25 years, the new card is a gateway to a world of unparalleled privileges, reflecting our dedication to making every connection truly priceless.” Jones said

    Yehia Abou Al-Fotouh, Deputy Chairman of NBE, highlighted the collaboration’s significance in providing innovative financial solutions for customers who are football fans. The partnership combines a passion for sports with banking products and services.

    Al-Fatouh added, “Such collaboration furthers the fruitful partnership between the two parties in providing diverse, innovative, and unique financial solutions with exclusive benefits for football-loving customers.”

    Encouraging Digital Payments

    Karim Sous, CEO of Retail Banking and Branches at NBE, emphasised that the new card encourages existing and new customers to use digital payments for their transactions. The card provides points, rewards, and exclusive benefits, contributing to a less cash-dependent society.

    Sous explained that customers “can issue this new card with a credit limit starting from EGP 3,000 up to a maximum of EGP 250,000, at the convenience of each customer. This motivates existing and new customers to use digital payments for their financial transactions while gaining more points and rewards as well as other exclusive benefits, which contributes significantly to the transition towards a society that is less dependent on cash.”

    Inji Borai, Vice President and Country Manager, Mastercard Egypt, highlighted Mastercard’s commitment to connecting people to their passions. The UEFA Champions League credit card offers fans an opportunity to create unforgettable moments, enjoy exclusive privileges, and celebrate personalised journeys, resonating with Egyptians’ passionate love for football.

    Exclusive Benefits for Cardholders

    The UEFA Champions League credit card offers cardholders a chance to win free tickets to matches, including accommodation and travel. Additionally, NBE provides a 10% cashback per month on online purchases, capped at EGP 125 per card, and allows a 3-month interest-free payment in instalments for purchases up to EGP 10,000 a year through the “Loan-on-Phone” service.

    Mastercard’s collaboration with NBE to launch the UEFA Champions League Mastercard Credit Card in Egypt signifies a commitment to providing innovative financial solutions that cater to the passions of customers. The card’s exclusive benefits and rewards aim to enhance the cardholder experience and promote digital payments, aligning with the vision of creating a more connected and convenient banking experience for all.

  • Uganda DFCU Bank uses CR2 for ATM, card, and payment management

    Uganda DFCU Bank uses CR2 for ATM, card, and payment management

    To revamp its ATM, Card, and Payments Management Platform, dfcu Bank has teamed with CR2, a market-leading provider of banking software.

    In building the bank’s technology competence, the collaboration between CR2 and DFCU will first focus on improving its customers’ card, ATM, and payment processing experiences.

    “We are delighted to partner with DFCU Bank and expand our reach across the region,” commented CR2 CEO Fintan Byrne. It is our hope that this is the first step in a mutually beneficial and long-lasting partnership. The bank’s cards and payment propositions will greatly benefit from this investment in CR2’s BankWorld Digital Banking and Payments platform, and the bank’s long-term goal of digital transformation will have a solid foundation.

    BankWorld, CR2’s Digital Banking and Payments Platform, is a versatile platform that can be easily integrated with both new and existing banking infrastructures. Because of this, deployments are always carried out in a timely fashion and backed by competent service teams.

    Read also: How hackers hacked Uganda’s Airtel money

    Mathias Katamba, CEO of dfcu Bank, spoke on the company’s digital transformation since 2017 and the importance of the bank’s “becoming a digital and data-driven organization” pillar to the company’s broader customer strategy. 

    Partnering with CR2, a global pioneer in digital banking and payments technologies is a major step in achieving our goal of a complete digital transformation. As a bank “committed to innovation” and “serving the increasing demands of our clients,” he is “enthusiastic” about the opportunities this new platform presents.

    We can innovate and provide our clients with new options in a quicker and more agile manner thanks to the CR2 BankWorld Platform. In the future, we will have access to more fintechs and other technical partners thanks to CR2’s larger ecosystem. “The work we will do together will make us pleased to be affiliated with CR2, who is the best partner we could have asked for on our trip,” he said, applauding. 

    The new ATM, Card, and payments platform will make it possible for end-to-end customer journeys throughout their self-service channels and payments to be easier and more seamless as more DFCU services are shifted from the conventional branch to mobile or online. They will also get the knowledge that will help them innovate and run more effectively in the future.

    The CR2 System 

    When it comes to online banking and payments, CR2 is at the forefront. Approximately 100 financial institutions in 60 different countries are powered by the company’s infrastructure. 

    Their central digital banking and payments platform, BankWorld, has the most features available on the market and is the only one of its kind to incorporate digital banking, card issuing with ATMs, and switching. The CR2 Partner Ecosystem combines the trustworthiness of BankWorld with the convenience of plug-and-play integrations with leading fintech providers. 

    In layman’s terms, CR2 aids financial service providers in focusing on customers by providing them with tools to improve customer service and maintain a consistent level of service delivery.

    Uganda’s Parliament Passes Tougher Computer Misuse Sanctions

    Dfcu-Related Information 

    Uganda is home to the commercial bank Development Finance Cooperative (DFCU), which was established in 1964. The Ugandan government’s central bank and national banking regulator, the Bank of Uganda (BoU), issued the license. Also, in 2000, the company adopted the name DFCU Limited. 

    Numerous industries, including agriculture, media, education, health, manufacturing, tourism, real estate, mining, construction, transportation, trade, and commerce, have profited from DFCU’s efforts throughout the years.