The meeting discussed leveraging the tremendous potential of the Egyptian Post and Visa in supporting the government's initiatives towards financial inclusion and digital transformation.
Egyptian Post and Visa are exploring ways to strengthen collaboration, expand financial services, and drive digital transformation — Photo illustrated by Business Today Egypt
Dr. Sherif Farouk, Chairman of the Egyptian Post, met with Ryan McInerney, CEO of Visa Inc., to discuss ways to enhance cooperation between the Egyptian Post and Visa on the sidelines of the Visa Payments Forum for the Middle East, Africa, and Central Europe in the Netherlands.
Dr. Sherif Farouk, Chairman of the Egyptian Post, stated that the meeting with Ryan McInerney, CEO of Visa Inc., aimed to explore avenues for expanding their mutual cooperation. The meeting addressed Visa's plans to expand in Egypt, considering the government's support for investors in the country.
In a press statement, Mr. Farouk stated that they discussed leveraging the tremendous potential of the Egyptian Post and Visa in supporting the government's initiatives towards financial inclusion and digital transformation.
They also explored and discussed the provision of new financial payment services that meet the requirements of Egyptian youth, enhancing cooperation in e-commerce, and maximizing the participation of Egyptian Post employees in training programs organized by Visa.
He further added that the Egyptian Post is keen on opening avenues of collaboration with all companies and institutions to develop services and provide new services to postal customers.
Ryan McInerney, CEO of Visa Inc., praised the existing relationship between Visa and the Egyptian Post, particularly considering the Egyptian Post as a strategic partner for Visa in Egypt. He welcomed opportunities to strengthen the partnership and explore new horizons.
McInerney emphasized that the company is always committed to enhancing payment experiences for customers and increasing access to financial technology services for everyone, everywhere.
Egypt, being one of the largest markets in the region, accommodates numerous innovative ideas and services, which motivates Visa to work diligently with local partners such as the Egyptian Post to continue delivering innovative solutions that cater to the local market and Egyptians' needs.
Dr. Sherif Farouk, Chairman of the Egyptian Post, also held bilateral and multilateral meetings with several company CEOs, organizations, and banks participating in the forum to discuss ways to enhance mutual cooperation in financial inclusion and digital empowerment.
In related positive news, the Egyptian Post has been actively working towards modernizing its services and embracing digital transformation.
The collaboration with Visa presents an opportunity for the Egyptian Post to leverage Visa's expertise and expand its financial offerings, contributing to the government's vision of achieving greater financial inclusion and digital advancement in Egypt.
These efforts aim to enhance the overall customer experience and facilitate access to financial services for the Egyptian population.
