Cairo – Sharikat Mubasher: MDP, a leading payment enabler, and Visa, a global leader in digital payments, announced a strategic partnership to accelerate fintech growth in Egypt.
According to a recent press release, this partnership aims to enable startups and non-banking financial institutions to expand their digital payment offerings and drive financial inclusion.
The collaboration brings together Visa’s extensive global network and MDP’s expertise in payment processing to foster innovation and create a seamless financial ecosystem.
MDP, which has already supported over 40 fintech firms in the region, will further strengthen its role as a key enabler for fintechs looking to launch and scale payment solutions efficiently.
Ahmed Nafie, CEO of MDP commented “This partnership with Visa marks a significant milestone in our journey, as we will be able to further enhance our payment-enabling solutions to better serve the fintech industry”
Malak El Baba, Vice President and Egypt Country Manager, at Visa added: " Fintechs are at the forefront of innovation in the payments ecosystem, and our partnership with MDP aims to grow the sector through enabling fintechs to seamlessly launch their payment products, allowing them to deliver better payment services in less time."
By leveraging their combined strengths, Visa and MDP aim to transform Egypt’s fintech sector, promoting economic growth and a more inclusive digital economy that benefits businesses, consumers, and financial institutions alike.
