Dubai – Mubasher: Al Etihad Credit Bureau (AECB) on Monday announced that it has signed a memorandum of understanding (MoU) with Visa, the world’s leader in digital payments.
The deal aims to promote responsible money management among consumers in the UAE, AECB, the UAE’S Federal credit bureau, said in a statement.
The deal was signed by Marwan Lutfi, CEO of AECB, and Marcello Baricordi, general manager of MENA of Visa.
Under the MoU, both parties will jointly run an educational series across print and digital media that aims to help Emiratis and expatriates to better manage their finances and make informed financial choices.
“We are happy to partner with Visa to promote financial literacy, an initiative that will help improve financial well-being, a priority for AECB The program will empower individuals in the UAE to make sound financial decisions, adopt responsible credit payment behaviour and know the importance of their credit reports and scores,” Lutfi commented on the deal.
The initiative was designed and launched to help consumers of all ages learn the essentials of personal financial management, including budgeting, saving, responsible spending and the wise use of credit.
“Financial literacy is an important and ongoing conversation in the UAE and we are delighted to partner with AECB on this important initiative to provide people in the UAE with the knowledge they need to make responsible financial decisions,” Baricordi said.
