Visa and MDP partners offer secure and scalable digital payment solutions that accelerate the growth of Egypt's fintech and promote financial inclusion and innovation.
The strategic partnership set up to accelerate the growth of Visa's fintech, a global leader in Egypt, MDP, major payment enablers and digital payments, brings seamless financial services to Fintech and NBFI across Egypt. We have announced a groundbreaking partnership designed to be. and promotes significant growth and innovation within the market. This partnership highlights the important importance of promoting financial inclusion and innovation in Egypt's rapidly evolving fintech landscape. This collaboration will change the financial landscape of Africa, unlock economic opportunities, promote growth, and connect markets across the continent. By establishing a strong foundation in Egypt, it aims to spark a wave of fintech development and encourage future partnerships. It aims to imagine a continent where innovation allows individuals to thrive in the digital economy.
MDP has comprehensive payment processing and issuance capabilities and has a proven track record of empowering more than 40 fintechs in the region. This expertise, coupled with Visa's unparalleled resources and extensive global network, serves as a critical payment channel that connects issuers with fintech and promotes a seamless financial ecosystem. This partnership will provide fintech companies with the tools, security and scalability they need to thrive digitally. Payment ecosystem.
The collaboration between Visa and MDP not only highlights the commitment of both organizations to promote financial inclusion, but also highlights the transformational impact of this partnership on the Egyptian market. Visa and MDP aim to create a robust, seamless financial ecosystem that drives innovation and growth by leveraging combined strengths, ultimately benefiting consumers, businesses and the broader economy. brings.
When we looked to the future in 2020, we realized the growing demand for digital payment solutions from FinTech. Since then, MDP has shown its expertise in enabling, empowering and providing end-to-end payment solutions for over 40 fintechs in the region. This partnership with Visa marks an important milestone in our journey. This is because we can further strengthen payments that allow payments to be made to better serve the FinTech industry.
– Ahmed Nafi, CEO, MDP
As leaders in digital payments, we are committed to empowering Egyptian fintechs to reach their full potential and drive financial inclusion. FinTech is at the forefront of innovation in the payment ecosystem, and its partnership with MDP aims to grow the sector by enabling FinTech to launch payment products seamlessly.
– Marak El Baba, vice president and country manager in Egypt, Visa
This partnership between Visa and MDP is expected to transform Egypt's fintech landscape and drive innovation, growth and financial inclusion.
