Mashreq’s Post

💡 𝑫𝒐 𝑾𝒆 𝑺𝒕𝒊𝒍𝒍 𝑵𝒆𝒆𝒅 𝒕𝒐 𝑬𝒙𝒑𝒂𝒏𝒅 𝒊𝒏 𝑩𝒂𝒏𝒌𝒊𝒏𝒈 𝑩𝒓𝒂𝒏𝒄𝒉𝒆𝒔 /𝑨𝑻𝑴𝒔 𝒊𝒏 𝑨𝒓𝒂𝒃 𝑪𝒐𝒖𝒏𝒕𝒓𝒊𝒆𝒔? 💡 As digital banking transforms financial services globally, the question becomes particularly relevant for Arab countries like Jordan: Should we continue expanding traditional bank branches and ATMs? While digital services offer convenience and cost efficiency, many customers in the region still prefer in-person banking for services such as loans, financial advice, and resolving complex issues. In 𝑱𝒐𝒓𝒅𝒂𝒏, ATMs remain critical, particularly in areas where digital infrastructure isn't fully developed or in cash-driven communities. 𝑅𝑒𝑓#(𝐴𝑐𝑐𝑜𝑟𝑑𝑖𝑛𝑔 𝑡𝑜 𝑟𝑒𝑠𝑒𝑎𝑟𝑐ℎ 𝑎𝑟𝑡𝑖𝑐𝑙𝑒 𝑝𝑢𝑏𝑙𝑖𝑠ℎ𝑒𝑑 𝑏𝑦 𝐷𝑟 𝐴𝑙 𝐾ℎ𝑢𝑏 𝑒𝑡 𝑎𝑙. 2024 / https://lnkd.in/eVTY7DRa) Perhaps the solution lies in a 𝒉𝒚𝒃𝒓𝒊𝒅 𝒃𝒂𝒏𝒌𝒊𝒏𝒈 𝒎𝒐𝒅𝒆𝒍—leveraging digital services while maintaining a strong physical presence for those who value face-to-face interaction. This approach may ensure that the financial sector caters to a diverse range of customer needs, from urban tech users to those in rural areas. 💬 What do you think? Should banks in Jordan and the Arab region continue expanding branches and ATMs, or is it time to fully embrace the digital revolution? #Banking #FinancialServices #Jordan #ATM #BankBranches #DigitalTransformation #CustomerExperience

Read this insightful opinion piece by Muhammad Hamayun Sajjad, CEO of Mashreq Pakistan, on ‘The role of banking in the digitalisation of Pakistan’s economy’, featured by The Nation. Muhammad presents a compelling view on Pakistan’s potential to unlock prosperity and drive development by embracing technology and with the support of the banking sector in catalyzing this transformation, ensuring the benefits reach every corner of the country. With 64% of its population under 30 and high mobile/internet penetration, digital banking is a game changer. Mobile and internet banking transactions now surpass ATM-based transactions - offering fast, convenient, and secure banking. Mashreq is excited to be part of this transformation, partnering with the government, telecoms, and tech companies to build a resilient and agile digital ecosystem. Together, we can empower people, boost entrepreneurship, and create a fairer, more inclusive society. Read the full article here: http://ms.spr.ly/6042leJXe #Mashreq #MashreqPakistan #RiseEveryDay #DigitalBanking #BankingInnovation Mashreq Bank Pakistan Limited is actively progressing towards acquiring a restricted license from State Bank of Pakistan to commence its digital retail banking operations.

CIH BANK selects Backbase to elevate digital banking across Morocco To know more about it read our full article here: https://lnkd.in/dyfMvCbf . . . . #cionews #newsdesk #dailynews #trending #DigitalBanking #FinTechInnovation #BankingTransformation #FutureOfBanking #CustomerExperience #MoroccoBanking #FinancialInnovation #BankTech #DigitalTransformation #SmartBanking

Offer your customers an automated payment solution, reduce your transaction costs of manual payments, and improve your receivable's reconciliation. Mashreq’s Direct Debit Solution enables businesses to collect payments directly from their customers' bank accounts through a digital, safe and automated process. Discover more at http://ms.spr.ly/6040YUEpM #DirectDebit #CashFlowManagement #Mashreq #CashManagement

As QNB marks its 60th anniversary, Group CEO Abdulla Mubarak Al-Khalifa talks vision, sustainability, and the human side of banking in a digital world. This post is sponsored by #QNB QNB Group

Offer your customers an automated payment solution, reduce your transaction costs of manual payments, and improve your receivable's reconciliation. Mashreq’s Direct Debit Solution enables businesses to collect payments directly from their customers' bank accounts through a digital, safe and automated process. Discover more at http://ms.spr.ly/6044YUETa #DirectDebit #CashFlowManagement #Mashreq #CashManagement

Mashreq Sets Sight on Private Banking Leadership in the Middle East and Beyond Mashreq, a stalwart in the UAE’s financial sector, is on an ambitious journey to redefine its position as not just the region’s oldest bank but as a global leader in private banking. That mission is underpinned by a strategic vision articulated in a recent discussion by Navin Chokhani, Head of Client Value Management, Private Banking and Biju Thomas, Senior Director & Head of Family Office. They explained to Hubbis how the bank aims to transcend its regional expertise to strengthen the international footprint and attract a diverse global clientele to complement its regional market presence, and offer a one-stop solution for a variety of wealth, banking, and curated solutions. This forward-looking plan includes expanding operations into new markets including Egypt and other #GCC countries and enhancing digital platforms to blend innovation with personalised client service. Through these initiatives, Mashreq aspires to be a transformative player in the #UAE and broader #MiddleEast financial landscape, offering bespoke #wealthmanagement solutions that cater to the nuanced needs of high-net-worth individuals across the globe.

This insightful perspective on the future of banking in Pakistan underscores the transformative power of digitalization. To fully realize its potential, a robust legal and regulatory framework is essential, encompassing data privacy, cybersecurity, and consumer protection. The increasing reliance on electronic signatures and documents necessitates clear guidelines for legal validity, security, and enforceability. Government initiatives to facilitate secure and legally enforceable electronic document management are crucial for building trust in digital transactions. A strategic partnership between banks and the government can accelerate this transformation by leveraging public infrastructure, promoting financial literacy, and fostering fintech innovation.

- Global Instant Payments Growth: The total value of instant payments worldwide is projected to reach $158 trillion in 2025, growing at a compound annual growth rate (CAGR) of 12% from $100 trillion in 2021. -Cash Transactions Decline: The value of cash transactions globally has dropped significantly, from $11.6 trillion in 2018 to $7.7 trillion in 2022. -Digital Payment Transactions in UAE: From 2014 to 2019, digital payment transactions in the UAE grew by 9% annually, outpacing Europe’s growth rate of 4% during the same period. #Mashreq #FutureofPayments #DigitalRevolution

Read this insightful opinion piece by Muhammad Hamayun Sajjad, CEO of Mashreq Pakistan, on ‘The role of banking in the digitalisation of Pakistan’s economy’, featured by The Nation. Muhammad presents a compelling view on Pakistan’s potential to unlock prosperity and drive development by embracing technology and with the support of the banking sector in catalyzing this transformation, ensuring the benefits reach every corner of the country. With 64% of its population under 30 and high mobile/internet penetration, digital banking is a game changer. Mobile and internet banking transactions now surpass ATM-based transactions - offering fast, convenient, and secure banking. Mashreq is excited to be part of this transformation, partnering with the government, telecoms, and tech companies to build a resilient and agile digital ecosystem. Together, we can empower people, boost entrepreneurship, and create a fairer, more inclusive society. Read the full article here: http://ms.spr.ly/6049leJXl #Mashreq #MashreqPakistan #RiseEveryDay #DigitalBanking #BankingInnovation Mashreq Bank Pakistan Limited is actively progressing towards acquiring a restricted license from State Bank of Pakistan to commence its digital retail banking operations.