Cairo, June 4, 2024- CIB, Egypt’s leading private-sector bank, has announced that it has partnered with ABGAD, an Egyptian FRA-licensed platform dedicated to education, to offer comprehensive financial and non-financial solutions, targeting educational institutions. 

ABGAD offers schools a variety of solutions to help with the tuition fee collection process and cash flow planning. Their fast-track approval process provides families with convenient and flexible tuition fee installment plans.

This partnership offers robust digital payment solutions to enhance the tuition collection process. Through ABGAD’s user-friendly platform, parents can directly pay the institution, eliminating branch visits and cash transactions. Furthermore, schools will gain access to CIB’s various financing programs and solutions.

CIB’s collaboration with ABGAD demonstrates the bank’s commitment towards cashless transactions, providing parents with tailored financial solutions that elevate the education experience. 

Commenting on the transaction, Mr. Yasser Abdella, Deputy CEO Retail Banking at CIB, said, “We are pleased to be partnering with ABGAD, as this partnership underscores CIB’s commitment towards cashless society and providing clients with unique SME solutions.” 

Mrs. Yasmine Mowafy, Cofounder of ABGAD, stated, “Very excited that Egypt’s premier bank, CIB, has chosen Abgad to partner with. Together, Abgad and CIB are working to provide payment solutions and enhanced financial services for educational institutions using fintech to power Egypt’s educational future.”