The collaboration will also see the Intesa Sanpaolo group bank leverage its new partner’s technology to further develop its fraud detection tools and cybersecurity capabilities.
Mastercard says the deal hopes to modernise the Alexbank’s cardholders’ “payment experience” by expanding the scope of digital offerings across various products, with a specific focus on introducing tailored payment benefits aligned with customers’ spending patterns.
“Through our continued partnership, we aim to enable our users to experience the full benefits of innovative payment solutions through Mastercard’s multi-rail expertise and expanding suite of programmes and services,” explains Tarek Salah, head of retail and SMEs at Alexbank.
