On May 18th, 2021, Ripple announced a strategic partnership with the National Bank of Egypt to support the NBE with cross-border payments from the United Arab Emirates through RippleNet. RippleNet is Ripple's global payments network and will facilitate transactions between the UAE-based financial service provider LuLu International Exchange and the National Bank of Egypt. Through the partnership, Ripple attempts to help the overall efficiency of NBE's transactions, hoping to allow the NBE reach wider markets with reduced cost and quicker integration time. Today, we’re excited to announce our partnership with the National Bank of Egypt (NBE), the North African country’s largest bank. Through Ripple’s global payments network RippleNet , NBE has connected with the UAE-based financial service provider LuLu International Exchange – part of the LuLu Financial Group – to process cross-border payments from the United Arab Emirates (UAE) to Egypt.