A new strategic step toward an integrated digital financial future!

We at Al-Ibdaa Bank For Microfinance - Syria are pleased to announce the signing of a strategic Memorandum of Understanding (MoU) with "Moneymate," a leading Turkish company in financial services and electronic payments. This partnership aims to accelerate digital transformation and expand financial inclusion, ensuring our innovative banking services reach everywhere—especially our people in rural communities and areas that lack traditional banking services.

Through this collaboration, we are working with our partners to develop a comprehensive suite of smart solutions and services. This includes launching advanced electronic payment services, developing smart collection systems, and establishing secure technical channels that enhance transaction efficiency. Furthermore, it will enable clients to access global payment networks such as "Visa and Mastercard" in the future.

This important step aligns with the vision and strategic directives of the Central Bank of Syria to develop the financial sector's infrastructure. It also implements Resolution No. /259/, which allows financial institutions to integrate with international payment networks, thereby connecting the Syrian banking environment to the global system.

In this context, Mr. Adeeb Sharaf (CEO of Al-Ibdaa Bank For Microfinance) emphasized that digital transformation is no longer an option but a strategic necessity. He noted that the partnership with "Moneymate" embodies the bank's commitment to providing innovative solutions that foster development and financial inclusion in rural areas, in line with the directives of the Central Bank of Syria.

Meanwhile, Mr. Mehmet Sabanci (Chairman of the Board of Directors at Moneymate) praised Al-Ibdaa Bank For Microfinance's extensive on-the-ground presence and outstanding expertise in reaching local communities, making it the ideal partner to launch effective digital services that meet the demands of the Syrian market.