Visa, MDP partner to boost fintech growth in Egypt
Updated 2/25/2025 12:33:00 PM
Arab Finance: Visa and MDP have announced a strategic partnership aimed at accelerating fintech growth in Egypt by enabling financial technology firms and non-banking financial institutions (NBFIs) to expand their services and drive market innovation, as per an emailed press release.
The collaboration highlights the importance of financial inclusion and innovation in Egypt’s evolving fintech sector.
It is expected to strengthen the country’s position as a hub for digital financial services while fostering broader economic opportunities across Africa.
MDP, a leading payment enabler, has supported over 40 fintech firms in the region with its payment processing and issuing capabilities.
Through this partnership, Visa will provide its global network and resources to connect issuers with fintechs, ensuring security, scalability, and efficiency within Egypt’s financial ecosystem.
By combining their expertise, Visa and MDP aim to build a seamless financial infrastructure that promotes innovation and growth, benefiting businesses, consumers, and the wider economy.
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