
Arab Finance: The Egyptian Digital Payments Company (MDP) announced that it has officially expanded the scope of its services within the Libyan market after successfully completing the migration process for North African Bank cards to the MDP platform to process payment operations. This step is the starting point for MDP in the market. Al Libyan Company to provide an integrated set of payment solutions, including issuing bank cards, processing payments, and many digital solutions, which reflects the company’s commitment to expanding the scope of its operations in new markets and providing the latest banking technologies to its customers.
The process of migrating North African Bank cards represents a qualitative shift in the digital payments sector in Libya, as banks and financial institutions will benefit from the latest advanced solutions of MDP, in the field of processing payments and issuing cards, thanks to its advanced infrastructure and its extensive experience within… More than 40 countries, which ensure that operations in the banking sector are transformed smoothly and efficiently, and it is expected that MDP’s entry into the Libyan market will contribute to accelerating the pace of digital transformation in the financial sector, and enhancing confidence in electronic transactions, through the application Best international practices, providing a distinctive and smooth payment experience for the bank’s customers.
Commenting on this achievement, Ahmed Nafie, CEO of MDP said: “We are pleased to have completed the migration which provides North African Bank with a reliable processing platform to improve their banking services. This is just the beginning for us within the Libyan market, as our vision aims to empower financial institutions across Libya.” To provide smoother and more innovative banking services to their customers, he added, “We have conducted comprehensive studies to understand the unique potential of the Libyan market and we are committed to providing innovative digital payment solutions that meet the needs of the growing market, to accelerate the pace of banking services development.” It enhances the customer experience.”
For his part, Ali Al-Haddad, Director of the Electronic Services Department at North African Bank, expressed his great confidence in the partnership with MDP, saying: “North African Bank’s shift to using the MDP platform represents an important step in the bank’s journey to achieve its ambitious vision to digitize and develop its operations. The advanced processing solutions from MDP will significantly enhance our capabilities to provide services, enabling us to meet the changing needs of our customers in Libya. He added, “This strategic partnership comes within the framework of a shared vision aimed at providing innovative and effective banking services to the bank’s customers, and we are excited about the great opportunities.” This partnership will enable us to achieve unprecedented standards of excellence in the banking sector.”
This partnership represents the first steps of the Egyptian Digital Payments Company (MDP) towards a presence in the Libyan market, within the framework of its expansion strategy for this pivotal market and its commitment to providing advanced and unprecedented payment solutions that contribute to the growth and development of the financial sector in Libya. MDP's client base includes more than 200 banks and 60 financial technology companies in more than 40 countries in the Middle East, Africa and Eastern Europe region, which has allowed MDP to consolidate its position among the top 50 financial technology services companies in the Middle East region according to the Forbes magazine classification.
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