Cairo - Mubasher: The Commercial International Bank - Egypt (CIB) launched on Monday a collaboration initiative with Careem-Egypt to an integrated set of digital financial solutions to efficiently manage the incentives and payments disbursement to company captains via CIB Smart Wallet.
The partnership supports the company’s management of all cash flows and e-payments to individuals, suppliers and governmental entities, according to a press release.
Careem staff can deposit and withdraw cash conveniently from the Bank’s large network of ATMs and local authorized agents.
“Through our significant partnerships, with Careem-Egypt, we have been successfully able to expand our banking penetration to the under-banked citizens, granting them access to various banking services by using their mobile phones, especially in a society whose majority carry mobile phones and cash intensive,” said Mohamed Farag, CIB’s chief digital officer.
“Our mission is to simplify people’s lives and we continually pursue innovating ways to achieve this goal. Our partnership with CIB-Egypt demonstrates our commitment to optimize the best customer experience, by sharply focusing on client satisfaction,” said Ramy Kato, the managing director of Careem Egypt.
