Center East and Africa Funds Processor MDP Launches New Platform with tech from international supplier BPC

MDP, a number one participant in Africa’s card issuing and processing sector, is increasing its footprint throughout the Center East and Africa by launching a next-generation third-party processing middle, in accordance with a press launch shared with Egyptian Streets. Developed in partnership with international funds supplier BPC, the middle is constructed on BPC’s SmartVista platform — a modular, scalable answer designed to fulfill the evolving calls for of banks, fintechs, and retailers within the area.

The brand new platform consolidates issuing, buying, and processing companies right into a unified system, enabling MDP to ship end-to-end cost options with larger flexibility and velocity. By activating every module of SmartVista as purchasers be a part of, MDP has adopted a phased rollout strategy that accelerates time-to-market whereas permitting the system to scale alongside its rising buyer base.

SmartVista’s superior card administration capabilities permit MDP to supply a variety of debit, credit score, and pay as you go card merchandise tailor-made for enterprise purchasers. On the buying aspect, it helps acceptance of Visa, Mastercard, and EBC branded playing cards throughout MDP’s community. Extra options embody 3D-Safe authentication and fraud administration instruments, designed to reinforce transaction safety.

On the core of the answer is the SmartVista Integration Platform, which makes use of APIs to allow MDP to construct customized integration gateways internally. This flexibility helps sooner shopper onboarding and adaptation to shifting market wants with out compromising the soundness of the core platform.

MDP serves over 260 monetary establishments in additional than 40 nations at present, making it among the many area’s most established cost processors. The corporate continues to spend money on technological infrastructure, native experience, and product innovation to drive monetary inclusion and digital transformation throughout a various vary of markets. Its expertise has supported numerous modern merchandise, together with closed-loop and open-loop playing cards for rising digital platforms.

MDP’s achievements had been not too long ago highlighted when the corporate was named among the many Prime 20 of Forbes’ 50 Main Fintechs within the MENA area.

In a press release, Usama El Sayed, Managing Director for Center East and Africa at BPC, emphasised the significance of scalable expertise for MDP’s vast buyer base, saying the partnership allows fast innovation and improves cost experiences throughout the MEA markets.

In the meantime, MDP CEO Ahmed Nafie affirmed the corporate’s dedication to empowering monetary establishments with agile and safe cost options.

“Our collaboration with BPC and the SmartVista platform has redefined what it means to be a processor at present, delivering scalable ecosystems that allow innovation and monetary inclusion throughout the area,” he mentioned.