MASRIA DIGITAL PAYMENTS
Ahmed Nafie , CEO at Masria Digital Payments ( MDP ), explains how the Egypt-based payments powerhouse has become the first choice for fintechs in MENA
Rewind to 1984 and the company that became Masria Digital Payments ( MDP ) was manufacturing bank cards for the domestic Egypt market . Of course , there was not much in the way of digital back then , with ATMs the most advanced technology that the average customer would interact with . Cash was still very much king .
Fast forward to 2022 and MDP is riding the crest of the digital transformation wave . The company now has a footprint in more than 45 countries , working with 170 banks , and more than 1,200 retailers in the Middle East & North Africa ( MENA ) region . The rapid transition to digital , accelerated by the COVID-19 pandemic , has seen MDP deliver a staggering 72 million cards in the past three years alone . And with digital payments at the heart of the fintech ecosystem , MDP acts as a catalyst for financial empowerment – providing fintechs with the know-how they need to succeed .
“ MDP started out 38 years ago as a consumer card manufacturer . Looking back , the company established several milestones as the first card manufacturer and the leading card issuer with all the major banks in Egypt ,” says Ahmed Nafie , CEO at MDP .