Banque Misr integrates Modupay to expand FinTech ATM access

By Vriti Gothi

Banque Misr and Modupay have completed a direct ATM integration that enables FinTech cards sponsored by the Egyptian bank and processed through Modupay’s platform to access Banque Misr’s nationwide ATM network.

The development allows cardholders within FinTech programmes backed by Banque Misr to perform a full range of ATM services, including cash withdrawals, PIN creation or changes, balance enquiries, mini statement generation, and deposits at supported machines. The integration aims to provide FinTech-issued cards with the same functionality and access typically available to the bank’s own customers.

For FinTech providers operating under bank sponsorship models, access to core banking infrastructure such as ATM networks remains an important component of service delivery. By establishing direct integration with Banque Misr’s systems, the collaboration enables real-time communication between the two platforms, which the companies say improves processing speed, operational reliability, and security.

Modupay said the infrastructure also creates a scalable foundation for FinTech programmes seeking to expand their services in Egypt’s growing digital payments market. Direct connectivity to bank-owned ATM infrastructure can help FinTech issuers broaden the practical utility of their cards, particularly in markets where cash access remains an important component of financial activity.

Ahmed Nafie, CEO of Modupay said, “By enabling seamless access to Banque Misr’s ATM network, this integration ensures that FinTech cardholders now enjoy the same financial services and convenience traditionally reserved for bank-issued cards. This is a powerful step toward uplifting the financial landscape, giving millions of FinTech users equal access to essential services that support their daily lives. At Modupay, we believe that enabling access to financial tools is fundamental to driving financial prosperity in Egypt, and this partnership with Banque Misr reinforces our commitment to building a more inclusive, accessible, and future-ready payments ecosystem.”

The collaboration reflects a wider trend across emerging FinTech ecosystems where partnerships between established banks and payments infrastructure providers are helping expand digital financial services. In markets such as Egypt, where FinTech adoption is accelerating, enabling FinTech programmes to connect directly with banking infrastructure can help support financial inclusion while strengthening the broader payments ecosystem.