Cairo Amman Bank (CAB) recently signed an Exclusive Cooperation Agreement with Network International Jordan, the local arm of the leading enabler of digital commerce in the Middle East and Africa, to enable the bank to offer a variety of cards and digital payment products. The move aims to enhance the Jordanian and regional banking market while better serving the needs of CAB’s broad customer base.
The agreement was signed by the CEO of Cairo Amman Bank, Kamal Al-Bakri, and Amjad Al Sadeq, CEO of Network International Jordan, in the presence of key representatives from both sides.
Under the agreement, CAB and Network will collaborate to provide various card issuance-related electronic services to fulfill the needs of the bank’s customers, boost CAB’s competitive advantage, and provide enhanced banking experiences for card holders.
Commenting on the agreement, Al-Bakri said: “We look forward to working with Network Jordan which has extensive experience in electronic payments. This partnership enables us to provide innovative payment products and solutions to our credit card holders as part of the bank’s vision to expand its customer base and credit card portfolio, which in turn enhances our position in the local and regional markets.”
For his part, Al Sadeq expressed his organization’s eagerness to support Cairo Amman Bank with highly secure and reliable electronic payment solutions and products powered by the latest technological developments. He explained that Network will manage the bank’s cards, process payments, and provide the necessary technical support to ensure the smooth operation of the bank’s credit card portfolio to enable it to focus on its core banking functions.
This development is in line with the accelerating shift away from cash and Network International’s commitment to the advancement of payment systems and cashless societies.