PayMint , a leading fintech company, has announced that it has received the final approval from the Central Bank of Egypt to launch the first “Meeza” prepaid card in cooperation with Abu Dhabi Islamic Bank – Egypt .
This represents a significant achievement for the company, reflecting its commitment to expanding the scope of its services and enhancing financial inclusion in line with the vision of the state and the Central Bank to transform into a cashless society.
The new card provides a comprehensive range of financial services that contribute to improving the user experience, including cash withdrawal, purchasing, online shopping, and card management via app.
Expanding the scope of services in PayMint
This step comes as part of PayMint’s strategy to expand its services and strengthen its position as one of the leading companies in providing financial technology solutions in Egypt.
Commenting on this, Mohamed Rabie , Managing Director of PayMint, said:“We are proud to partner with Abu Dhabi Islamic Bank – Egypt, one of the leading banks in the Egyptian banking sector.
“Through this partnership, we seek to provide a new and distinguished banking experience for our individual and corporate customers, which contributes to facilitating their access to financial services in innovative and flexible ways.”
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Rabie pointed out that the new card targets a wide range of customers, including permanent and temporary workers, as well as suppliers, to enable them to receive their financial dues and enjoy the card’s services easily and safely.
Mohamed Ali , CEO and Managing Director of ADIB Egypt, stressed the importance of cooperation with PayMint, saying: “We are pleased with this partnership that reflects the bank’s commitment to providing the latest technological solutions that are compatible with the principles and provisions of Islamic Sharia. We believe that this new card will contribute to enabling customers to manage their money easily and safely.”
Sherif Mounir, Head of Cards, Retail Banking Sector, Abu Dhabi Islamic Bank – Egypt, added : “Through this partnership, we aim to enhance the position of financial technology in Egypt, and expand the scope of the bank’s card portfolio to provide a more flexible and smooth banking experience for customers.”
Furthermore, Mohamed Yehia , Vice Chairman of PayMint, explained that the company is committed to providing the highest standards of security and data confidentiality to its customers. He pointed out that the company has obtained the PCI-DSS certification , which is a global standard for securing payment card data.
He added: “Obtaining this certification enhances our customers’ confidence in our services, and confirms our commitment to providing a completely safe and secure environment for financial transactions.”
Eng. Ahmed Nafea , CEO of MDP, commented: “The new card represents a step towards enabling individuals to manage their finances easily and efficiently. We are proud to support PayMint in this achievement that contributes to enhancing financial inclusion and facilitating daily transactions.”
Engagement
