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MDP enters Libya with North African Bank partnership

By Gloria Methri

January 27, 2025

  • Card Issuing
  • Card Processing
  • FinTech
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North African Bank, MDP, Digital Payments, Payment Processing, Libya, MENA, FinTechAll-in-one payments platform MDP has extended its services into the Libyan market by completing the processing migration for North African Bank‘s cards. This move lays the groundwork for MDP to offer a suite of payment solutions in Libya, ranging from card issuing to processing and digital solutions.

As a modern payment processor equipped with the latest technological advancements, MDP leverages its experience in over 40 countries to facilitate seamless transitions. By drawing on best practices from around the world, MDP’s approach is designed to facilitate faster transactions and improved security for the bank’s customers, ultimately delivering a superior payment experience.

Ahmed Nafie, CEO of MDP, remarked on this achievement, stating, “We are thrilled to have completed this migration, which empowers North African Bank with a dependable processing platform that will enhance their overall banking services. Looking ahead, this is just the beginning; our broader vision is to empower financial institutions across Libya with innovative solutions. We have taken the time to understand the unique dynamics of the Libyan market. We are ready to offer a full suite of payment solutions designed to accelerate the development of banking services across the region.”

Ali El Hadad, Head of the E-Service Department at North African Bank, expressed strong confidence in the partnership with MDP, stating, “Integrating MDP’s cutting-edge processing solutions will significantly boost our service delivery, enabling us to meet the dynamic needs of our customers in Libya. We are thrilled about the endless opportunities this collaboration will unlock as we aim to set unprecedented standards of excellence in banking.”

This migration marks the start of MDP’s journey in Libya; as it aims to expand its footprint, the focus remains on providing unparalleled payment solutions and contributing to the growth of Libya’s financial landscape.

The North African Bank is one of the top banks operating in Libya, providing its services through 61 branches across the country with a capital of 350 million Libyan Dinars. The bank’s strategic vision is to expand electronic services to its customers while providing the highest quality of banking services and products with ease and speed.

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