This new offering provides CIB noon credit card holders with a range of special offers and discounts when shopping on noon’s website.
Cairo, June 6, 2023—Commercial International Bank (CIB) has partnered with Noon, a Saudi Arabian e-commerce platform and VISA, a credit card service corporation, to launch the CIB noon credit card.
Users can enjoy an immediate discount of 5% on noon purchases, the ability to install payments over a period of up to 15 months without interest, BONUS CIB points on purchases made outside the noon website, utilizing the priority delivery of noon express products, and obtaining special reward when activating the card.
Commenting on the partnership, Rashwan Hammadi, CEO of Retail Banking at CIB, said “We are very pleased to partner with Noon and Visa. This partnership underscores our commitment to provide our customers with products and services that meet their evolving needs.”
He added that this partnership marks a significant milestone in the banking sector, as its first dually branded credit card within 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 customer's shopping experience.
Mostafa Salem, Vice President of Growth and Digital Strategy at Noon Egypt, said “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 “The launch of the first co-branded card in Egypt will enable cardholders to enjoy exclusive benefits and offers that will help them cover the costs of their purchases. 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."
He added that the new card will provide customers with additional benefits when shopping online from Noon.
Malak Al-Baba, General Manager of Visa in Egypt, said “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 receive rewards.
Cairo, June 6, 2023—Commercial International Bank (CIB) has partnered with Noon, a Saudi Arabian e-commerce platform and VISA, a credit card service corporation, to launch the CIB noon credit card.
Users can enjoy an immediate discount of 5% on noon purchases, the ability to install payments over a period of up to 15 months without interest, BONUS CIB points on purchases made outside the noon website, utilizing the priority delivery of noon express products, and obtaining special reward when activating the card.
Commenting on the partnership, Rashwan Hammadi, CEO of Retail Banking at CIB, said “We are very pleased to partner with Noon and Visa. This partnership underscores our commitment to provide our customers with products and services that meet their evolving needs.”
He added that this partnership marks a significant milestone in the banking sector, as its first dually branded credit card within 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 customer's shopping experience.
Mostafa Salem, Vice President of Growth and Digital Strategy at Noon Egypt, said “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 “The launch of the first co-branded card in Egypt will enable cardholders to enjoy exclusive benefits and offers that will help them cover the costs of their purchases. 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."
He added that the new card will provide customers with additional benefits when shopping online from Noon.
Malak Al-Baba, General Manager of Visa in Egypt, said “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 receive rewards.
