Egypt's Housing and Development Bank Partners with Mastercard on Cards

Egypt's Housing and Development Bank (HDB) formed a partnership with Mastercard to develop its debit, credit, and commercial card portfolio. The deal was announced on Nov 09, 2026. Under the agreement, HDB will use Mastercard's technology platform and international network to enhance its card offerings.

HDB described the collaboration as covering "several strategic areas," including customer experience improvements and greater engagement with target segments. Established in 1979, HDB operates as an Egyptian joint-stock company with more than two million customers across about 100 branches and 457 ATMs. Financial terms were not disclosed.

The partnership follows other recent Mastercard activity in the Middle East and North Africa region.