The Commercial International Bank (CIB) has announced the launch of CIB noon credit card, in cooperation with noon, the e-commerce platform, and Visa digital payments company.
Under this partnership, the CIB noon credit card holders will be provided with a range of special offers and discounts when shopping on noon’s website.
These benefits also include an immediate discount of 5% on noon purchases, the ability to install payments over a period of up to 15 months without interest, in addition to BONUS CIB points on purchases made outside the noon website, in addition to benefiting from priority delivery of noon express products, and obtaining special reward when activating the card, along with other benefits.
Rashwan Hammadi, CEO of Retail Banking at the CIB, said that the bank is pleased with its partnership with Noon and Visa. It is a milestone to provide its customers with the best products and services to meet their ever-changing needs.
He added that the bank is also happy to present the first credit card of its kind in the Egyptian market. Hammadi pointed out that the CIB noon credit card will offer customers a wide range of benefits and exclusive offers that will completely reshape the shopping experience.
He also emphasized the CIB’s commitment to providing innovative solutions that provide its customers with a seamless banking experience, as it is one of the largest and leading financial institutions in Egypt.
For his part, Mostafa Salem, Vice President of Growth and Digital Strategy at Noon Egypt, said that the company seeks to advance innovation and launch new initiatives that support the purchasing power of customers while contributing to the development of the local digital economy.
Salem added that the company is proud to launch the first credit card in the e-commerce market in Egypt, in cooperation with the CIB and Visa, which will contribute to the development of the local online shopping experience.
Mossam Jadia, Senior Vice President of Noon Payments, said that the launch of the first co-branded card in Egypt will enable cardholders to enjoy exclusive benefits and offers that help them cover the costs of their purchases.
He added that the new card will provide customers with additional benefits when shopping online from Noon. The company is pleased to partner with CIB, a leading name in the banking sector, as well as Visa, to enhance the online shopping experience for customers in the Egyptian market.
Malak Al-Baba, General Manager of Visa in Egypt, said that despite the remarkable improvement in the field of e-commerce over the past two years, the current economic challenges increased the need to provide more attractive offers and payment facilities.
She indicated that the partnership between CIB, Noon and Visa will provide unparalleled benefits to customers, allowing them to enjoy greater purchasing power. A study conducted by Visa Stay Secure in 2022 showed that about 48% of customers in Egypt choose cards as a payment method if they may receive rewards.
The launch of this card, which is the first of its kind in Egypt, comes within the framework of the CIB’s strategy to transform into a cashless society, as it facilitates contactless delivery of purchases and reduces the need for cash payments.
