Citi and Mastercard Unveil Digital Breakthrough for Moroccan Businesses

Wednesday 13 March 2024 - 15:50

At the heart of Morocco's economic dynamism, a landmark event in Casablanca captured the attention of decision-makers. Citibank Maghreb and Mastercard, two heavyweights in the financial sector, have revealed a promising partnership aimed at propelling corporate expense management into the digital age.

In an exclusive launch event attended by over 100 carefully selected guests, including Her Excellency Marissa Scott, the Consul General of the United States, Taoufik Rabbaa, the Managing Director of Citibank Maghreb, heralded a new era. "Our commercial card solutions are now equipped to assist our clients in conquering new global markets," he declared with conviction.

Khalid Elgibali, President of Mastercard for the MENA region, echoed the general enthusiasm, emphasizing the joint commitment "to providing innovative payment solutions that meet the evolving needs of businesses." This sentiment was echoed by Mohamed Benomar, General Manager of Western MENA at Mastercard, who extolled the virtues of "tailor-made solutions offering speed, transparency, and security to commercial transactions."

At the heart of this digital offensive lies a portfolio of commercial cards combining technological robustness with cutting-edge controls. Programmable tools enable enhanced expense monitoring while seamlessly integrating with enterprise management systems.

Gonca Latif-Schmitt, Global Head of Commercial Cards at Citi, underscored the group's ambition to "go beyond the limits of traditional card rails," leveraging innovative partnerships with fintechs and other emerging players.

This transformation promises to imbue Moroccan businesses with unprecedented financial agility, enabling them to thrive in global markets with optimal cash flow management. A true disruption in the era of digital payments.