The Mediterranean Smart Cards Company (MSCC) recently signed with four bank groups in Africa, to extend its services to a total of 40 subsidiaries.
The agreements – signed with United Bank for Africa (UBA), Diamond Bank, Bank PHB and Intercontinental Bank – increase MSCC’s client base by 39 percent, from 65 to 105 banks across Africa and the Middle East.
It also opens new markets in countries including Gambia, Sao Tome, Guinea, Botswana and Tanzania.
Over the next three years, the company will provide its smart card processing and support services to all 40 subsidiaries of both issuing and acquiring banks, the bank said in a statement.
The move is “in line with the Egyptian government’s initiative to expand the technological expertise of the region, Hoda Shoukry, MSCC managing director, said.
MSCC is an Egyptian joint-venture company offering smart card processing to banks across markets in Central and Eastern Europe, Middle East and Africa.
To read the other stories in our monthly special focus on Egypt s banking sector, click here:
http://thedailynewsegypt.com/article.aspx?ArticleID=24712http://thedailynewsegypt.com/article.aspx?ArticleID=24710http://thedailynewsegypt.com/article.aspx?ArticleID=24711http://thedailynewsegypt.com/article.aspx?ArticleID=24709
