CAIRO: HSBC, in collaboration with MasterCard, has launched two new card programs especially tailored to meet the needs of Small and Medium Enterprises, (SMEs) as well as, mid-size and large companies. The new suite of HSBC commercial card consists of the HSBC MasterCard Business cards for SMEs and the HSBC Corporate MasterCard cards for mid-size and large companies. Through this cash management solution, SMEs in Egypt will be able to benefit from separating their business expenditures from their personal expenses, strengthening control of business expenditures, improving cash management, as well as, fund regular payments with their HSBC MasterCard Business card. The HSBC Corporate MasterCard card program will allow companies to lower tracking and processing costs. Armed with a HSBC MasterCard Business card or HSBC MasterCard Corporate card, business executives in Egypt will be offered flexible billing options and travel- and insurance-related benefits. SME and business cardholders will also stand to benefit from the ease and convenience when dealing with company-related expenses when travelling or doing business in Egypt. “The launch of our HSBC MasterCard Commercial cards are in line with our ongoing efforts to offer the highest level of services and payment options to Egyptian businesses,” said Yaser Gamali, head of corporate and investment banking, HSBC Egypt. "With these services and benefits business executives in Egypt carrying the MasterCard Corporate Executive Card will receive excellent treatment and recognition whether they need dedicated customer service or insurance.” “Together with HSBC, MasterCard offers a comprehensive list of benefits to the Egyptian business community. This includes worldwide acceptance in more than 30 million merchants and ATMs, enhanced reporting and benefits, and access to the First Class and exclusive services lounge at Cairo International Airport in Egypt and Dubai International Airport,” said Magdy Hassan, vice president and country manager, Egypt, MasterCard Worldwide. “MasterCard has continuously led the way in designing payment solutions for small and large companies to facilitate expense management and reduce administrative costs. We are pleased to be launching the HSBC Corporate and SME cards that will benefit MasterCard cardholders doing business in Egypt.”
