Somalia becomes the first country in East Africa to offer ‘World Elite Mastercard’

IBS Bank has become the first bank in East Africa to launch the prestigious World Elite Mastercard, which is the highest category of Mastercards and places Somalia in a good position to rebuild its financial sector.

“It was a great moment of celebration in the banking industry in Somalia and for IBS Bank,” said the CEO Mr Mahad Mohamed.

“Being the first high-quality Mastercard product in the East African market, IBS Bank has placed itself at the centre of being an innovative bank in the thriving financial services of the region,” added the CEO.

The pioneering event was attended by the Somali Minister of Finance, Dr Abdirahman Beileh and by important members of the business community.

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