Dubai Expo 2020 recommends postponing a year amid virus    US expected to renew sanctions waivers allowing Iran nonproliferation work: Sources    How will we vote? Outbreak revives debate mail-in ballots    Poland vote could be postponed if safety not guaranteed: President    What you need to know about the Central Bank of Egypt's new cash deposits and daily withdrawal limits    Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus    Tokyo Olympics rescheduled for July 23-Aug 2021: Organizing committee    Iran's coronavirus death toll reaches 2,757: Health official        Serie A hits back at Italy sports minister Spadafora over 'bubble' remark    Drop in China's new coronavirus cases; none in Wuhan for sixth day    Egypt's FRA launches policies for micro-finance activity amid coronavirus    Mourinho to take Tottenham training via video amid coronavirus lockdown    Egypt's defender Elmohamady proud of 10-year milestone in England    Facebook users add ‘Stay At Home' frame to profile photos    How coronavirus affects real estate market in Santa Clarita Valley    UK epidemic is slowing and antibody test could be ready in days, top epidemiologist says    Twitter removes 2 Bolsonaro tweets questioning coronavirus quarantine    Egypt to extend closing mosques over coronavirus fears – minister    El-Tayeb urges Egyptians to stick to coronavirus preventative measures    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    Apple works with US House to release coronavirus app, website    California's houisng market unclear after new restrictions amid coronavirus    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Egyptian comedy icon George Sidhom dies at 81    Shooting Egypt's Ramadan television series in the time of coronavirus    Egyptian court sentences five to death for vandalising gas pipeline, killing nine    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Stay At Home: Ministry of Culture to publish free books online for public browsing    ‘We are here to boost the morale': Ahmed Zeidan, Egypt's ROOM Art Space& Café    IOC postpones Tokyo Olympics due to coronavirus pandemic    Playing for time    Water effects of the dam    What to watch to kill time in quarantine?    Japan PM Abe agree on delaying the Tokyo Olympics for one year    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Tom Hanks and wife Rita Wilson announced both test positive for coronavirus    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Shooting Club to convert membership cards into payment cards
Partnership contract between Crédit Agricole Egypt and the Egyptian Shooting Club renewed for next ten years
Published in Daily News Egypt on 21 - 02 - 2020

Crédit Agricole Egypt has signed a 10-year extension contract for its partnership with the Egyptian Shooting Club, which will introduce the conversion of the club's membership cards into payment cards for all club members as part of an initiative from the bank to help push digital transformation in Egypt.
The signing ceremony was attended by Walie Lotfy, the bank's chief commercial officer, Hala Al-Fas, head of Retail Banking, in addition to a number of other top managers and officials from Crédit Agricole Egypt. From the Egyptian Shooting Club, chairperson Major General Mohsen Tantawi, his deputy Mohamed Hammam, Treasurer Ehab Hashish, and Executive Director Sherine Shams, along with a number of other board directors, were present.
The idea of converting membership cards into payment cards is considered a qualitative shift, as these new cards – besides being used for club entry – will provide exclusive benefits for club members and will become a substitute for cash payments. They will also become a method of payment for purchases in stores and online or for government payments. This initiative will also contribute to the drive towards becoming a cashless society, in alignment with the Central Bank of Egypt's (CBE) strategy. In 2019, Crédit Agricole succeeded in making a similar agreement with Alexandria Sporting Club to convert their membership cards into Visa cards.
During the signing ceremony, Lotfy said, "We have an ambitious business strategy to provide innovative services in the digital banking field, in line with the financial inclusion plan developed by the CBE to transform into a cashless society, and to achieve financial inclusion by integrating all categories and classes in society within the digital economy system; thus, we strive to reach our customers everywhere.”
He added, "We are proud to extend our partnership with the Egyptian Shooting Club, as well as to offer innovative services to the club members. The tremendous success achieved by Crédit Agricole Egypt in converting Alexandria Sporting Club's membership cards into payment cards was a great motivator to repeat the experience in partnership with the Egyptian Shooting Club. We aspire to expand the use of smart payment cards in many other communities."
"Crédit Agricole's innovative digital banking services have been recognised and appreciated around the world by global banking institutions. The most recent awards were that of the ‘Most Innovative Bank' awarded by Global Business Outlook and the title of the Best Private Bank by Global Finance," Lotfy continued.
Pierre Finas, managing director of Crédit Agricole Egypt, added that, "The bank's conversion of membership cards into payment cards is a continuation of its drive towards expanding its technological services in the banking sector, within the framework of the bank's strategy as a unit of Crédit Agricole Group to work towards digital transformation and sustainable development. The bank's record over the past few years is abundant with successes, as 33% of its total customer base use the electronic banking services it provides through various digital channels. We are proud to lead the way in introducing this innovative initiative that will drive the process of expanding the electronic payment channels in Egypt."
Tantawi, for his part, said, “Our primary interest is to offer distinguished services to club members, and we are delighted today to extend our partnership with Crédit Agricole Egypt for another ten years. During this partnership, which has spanned over 29 years now, Crédit Agricole has become part of the club's fabric, thanks to its topnotch services and its eagerness to be present on various occasions."
Hammam, said “The issuance of the first electronic membership card, that can be used as a payment card for the club members, is a distinguished service and an added value from Crédit Agricole for the club members, as it helps members conduct all their financial dealings inside the club, as well as use their cards at all government agencies, within the framework of the ongoing partnership that will extend for the next ten years under the new contract.”


Clic here to read the story from its source.