Arab Finance: In a strategic move aimed at accelerating the pace of the growth of the financial technology sector in Egypt, the Egyptian Digital Payments Company (MDP), a leader in issuing and processing electronic payment solutions, and VISA, the world's leading digital payment company, announced a new partnership to enable Financial technology companies and non -bank financial institutions throughout Egypt, enabling them to provide their financial services smoothly, and enhance innovation in this The vital field, and the driving wheel in the market, the statement sent on February 25.
This partnership reflects the importance of enhancing totalitarianism and innovation in the financial technology sector, which is witnessing a tremendous development in the Egyptian market. This partnership also plays an important role in transforming the financial sector in Africa in general, providing more economic opportunities, supporting growth, and linking markets in that region.
This partnership by setting strong foundations in the Egyptian market can contribute to the development of financial technology, and open the way for more partnerships in the future, within the framework of a more comprehensive vision aimed at enhancing innovation to enable individuals to achieve success and growth in a digital economic climate throughout the African continent .
Through this partnership, financial technology companies will be able to reach the necessary tools, to ensure the highest levels The region, thanks to an integrated set of payment solutions in the field of payment processing and card issuance, wide resources and the large global network that It is owned by Visa, which represents an essential pillar of the payment system, as it contributes to linking the exporters to financial technology companies and enhancing an integrated and smooth financial system.
The cooperation between MDP and Visa is an affirmation of their commitment to enhancing financial inclusion, and creating a positive impact in the financial technology sector in the Egyptian market. By employing their common strength points, each of the two companies seeks to build an integrated and strong financial system that enhances innovation and promotes growth, which reflects positively on all parties, whether consumers, companies, and economics in general.
Commenting on this strategic partnership, Ahmed Nafi, CEO of MDP stated: “In 2020, we were setting our eyes what the financial technology sector would be in the future, and we realized the increasing demand for the digital payment solutions that we provide to financial technology companies. Since then, We have succeeded in enabling more than 40 financial technology companies in the region, which reflects our deep experience in providing integrated payment solutions. Our partnership with Visa is an important step in our career, as it will allow us to develop our payments solutions, which enables us to support the financial technology sector and meet its needs. “
For its part, Malak Al -Baba, Vice President of Visa International Company and General Manager of Visa in Egypt, commented: “Being a leading company in the digital payment sector, we are committed to empowering financial technology companies in Egypt in order to achieve their full potential and enhance financial inclusion, as these companies lead innovation In the payment system. Its payment products smoothly, giving it the ability to provide more advanced and efficient payment services in record time. “
The partnership between Visa and MDP is expected to have a fundamental shift in the financial scene in Egypt and Africa alike, as the concepts of innovation, growth and financial inclusion are enhanced.
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