Mastercard announced collaboration with Egyptian payment app

This partnership brings Egypt closer to its vision of digital economy

Mastercard Telda

Mastercard announced collaboration with Egyptian payment app. Source: newsroom.mastercard.com

Mastercard has announced a partnership with Telda to promote Egypt’s digital transformation and bring it closer to its vision of becoming a digital economy.

Mastercard will also enable Telda to issue prepaid cards to its customers and facilitate transactions through Mastercard’s payment processing services.

The Telda App offers users multiple features including sending and receiving money. According to the press release, it is the first in the market to allow a full digital card payment experience with the click of a button, and without users requiring a bank account.

Customers will be able to move funds in few steps. Users will also be able to control their prepaid accounts with money management features that allow them to stay on top of their finances with simplicity and ease.

Telda is a financial brand built for Millennials and GenZ to deliver a more efficient banking experience. We are bringing a better way to manage money in an alternative to the traditional payment system. Telda is changing the way people feel about and make payments – it simply is the first money app in Egypt. Open for new products and technologies, Mastercard was the best partner we could hope for in order to build Egypt’s first of its kind solution
Ahmed Sabbah, Co-Founder & CEO, Telda

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