Subject to obtaining the necessary regulatory approvals from the Central Bank of Egypt, Suez Canal Bank is exploring opportunities, in collaboration with Thunder, Egypt’s leading digital investment platform, Visa, a global leader in digital payments, and Modopay, a leading regional payment technology provider, to develop a more integrated experience that brings together digital banking and investment services.

This comes as part of efforts to explore innovative digital financial solutions that can enhance the customer experience, in line with the applicable regulatory framework and following obtaining the required approvals from the Central Bank of Egypt.

In this context, Mr. Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, said: “At Suez Canal Bank, we believe that customers’ banking and investment needs are no longer separate; they have become increasingly interconnected. This is why we continuously seek to explore new opportunities that support the evolution of digital financial services.”

He added: “With this vision, we are exploring opportunities to develop a more seamless and integrated digital experience that brings banking and investment services closer together, in a way that aligns with customers’ evolving expectations and needs, subject to obtaining the necessary regulatory approvals from the Central Bank of Egypt.” Mr. Zidan further noted: “This reflects a shared vision to leverage the rapid advancements in financial technology and digital payments, with the aim of delivering added value to customers and enhancing their overall digital financial experience.”

It is worth noting that Suez Canal Bank remains focused on adopting the latest technological solutions and expanding the range of digital services available to its customers, in line with the Bank’s strategy of delivering a more seamless, convenient, and flexible banking experience across all customer segments.