MDP partners with Simplifi to expand into the MENA region

By Leandra Monteiro

MDP, payments and card issuing platform signed a partnership with SimpliFi to accelerate expansion into the Middle East and Africa region.

Ali Sattar, Founder & CEO of SimpliFi, speaking on how the partnership would enable SimpliFi to expand its geographic footprint said, “Demand for card issuance is exploding and our partnership with MDP will not only allow us to accelerate our entry into Egypt but also the wider MENA and African markets. This partnership will lay the foundation for our continued rapid expansion to roll out our Cards as a Service capabilities and realize our mission of democratizing card issuance,” said Ali Sattar, Founder & CEO of SimpliFi.

The two companies will combine their expertise in payments and Cards as a Service (CaaS) solutions to expand their business offerings and establish their position in the payments ecosystem. The partnership highlights both entities’ commitment to building the FinTech ecosystem, backed by payment experts and a robust processing platform, with end-to-end digital solutions catering for the payment and FinTech sector in the Middle East and Africa.

MDP, Chief Executive Officer, Ahmed Nafie said, “It’s exciting for MDP to ignite its strategic partnership with SimpliFi – through our collaboration we will work on accelerating the delivery of better financial experiences for all our customers,” said Ahmed Nafie, CEO of MDP. “The payments industry is evolving at a rapid speed, which has been a crucial catalyst for the growing demand for innovative digital payment solutions in the banking & fintech industry.”

Khaled El-Goghel, Managing Director at MDP also added, “MDP’s partnership with SimpliFi brings unprecedented innovation & speed to market, by providing comprehensive service offerings catered to the next-generation banking & fintech sector. Our collaboration with SimpliFi comes in line with the MDP’s strategic market and geographical expansion into the Middle East & Africa.”