Mastercard has entered into a strategic collaboration with Housing and Development Bank (HDB) to strengthen the bank’s debit, credit, and commercial card offerings, expanding customers’ access to secure payment solutions and enhanced lifestyle benefits.
Announced on November 8, 2026, the collaboration covers several strategic areas, including premium customer experiences and deeper engagement with targeted customer segments. The partnership aims to help HDB expand its services and strengthen its presence in the Egyptian market by leveraging Mastercard’s global network and advanced payment technologies.
Mastercard: Partnership Supports the Next Generation of Payments in Egypt
Mohamed Assem, Country Manager for Egypt, Iraq, Lebanon and Syria at Mastercard, said: “Egypt’s digital economy is moving fast, and collaborations like this one are what keep it moving. By combining Mastercard’s global technology and network with HDB’s market strength, we’re not just enhancing a card portfolio – we’re helping shape what the next generation of payments in Egypt looks like.”
HDB: Collaboration Strengthens Payment Capabilities and Customer Experience
Yehia Aboulfotouh, Chief Executive Officer and Managing Director of Housing and Development Bank, said enhancing customer experience is central to the bank’s vision of becoming a bank of choice in Egypt through innovation, superior customer service and trust.
He added that the collaboration with Mastercard will enable HDB to leverage advanced technology and a global network to strengthen its payment capabilities and deliver innovative, secure and convenient solutions that meet customers’ evolving needs.
Aboulfotouh further noted that the partnership reflects HDB’s commitment to continuously developing its banking products and services, expanding customer benefits and delivering a distinctive banking experience.
The collaboration is also expected to support the sustainable growth of HDB’s card portfolio and further strengthen the bank’s position in the Egyptian banking market.
