الرئيس التنفيذي
أشرف الحادي

رئيس التحرير
فاطمة مهران

Mastercard collaborates with eNovate to modernize payment platforms in Egypt

 

 eNovate, formerly eCards, a subsidiary of eFinance Investment Group, has joined forces with Mastercard to bring Card-as-a-Service (CaaS) solution to the Egyptian market. The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services.

The collaboration will see eNovate leverage Mastercard expertise in payment technology to further reinforce its position in building ready to market hubs for businesses to drive digital payments adoption across Egypt, and the region.

The CaaS model offers a one-stop-shop for technology infrastructure and white label solutions, enabling banks, non-financial institutions and fintechs to easily create and launch innovative products with scalability and quicker time-to-market. This includes prepaid card integration and customizable white-label wallet solutions. Meanwhile, consumers will enjoy easy access to tailored digital financial products, such as youth and family banking.

Ibrahim Sarhan, Chairman and Managing Director of eFinance Investment Group for Financial and Digital Investments, commented: “At eFinance and its subsidiaries, we are constantly striving to expand our range of services, aiming to deliver innovative digital financial solutions to both local and global markets. Our collaboration with Mastercard will enable businesses to leverage the latest financial regulations endorsed by the Central Bank of Egypt and the Financial Regulatory Authority, enhance offered digital financial services and promote new products aimed at driving financial inclusion and digital transformation across Egypt.”

Adam Jones, Executive Vice President and Division President for West Arabia at Mastercard, added: “At Mastercard, payment modernization is one of our top priorities in providing market-ready services and platforms. Our collaboration with eNovate will help deliver innovative platforms and offer businesses out-of-the-box digital solutions that can be implemented to develop scalable, seamless and secure solutions to their customers.”

Nashwa Kamel, CEO of eNovate, stated: “The collaboration with Mastercard will pave the way for the growth of digital financial services in Egypt, benefiting new categories of businesses eager to capitalize on digital payments. This collaboration will equip businesses with the necessary digital solutions and capabilities to enhance their competitiveness, speed, efficiency, and reliability of the financial services they offer to their customers.”

The collaboration aligns with Egypt 2030 vision aiming to accelerate the country’s digital transformation agenda and the development of a digital economy by cocreating innovative digital payment solutions that addresses the rapidly evolving needs of consumers and businesses.

Related Posts

PSG president Nasser Al-Khelaïfi’s kind gesture towards young fan goes viral during Club World Cup semi-final

EC-Council Releases CEH Hall of Fame 2025 Industry Report

Governor of the Central Bank of Egypt Signs Memorandum of Understanding with Chinese Counterpart to Promote Mutual Cooperation

MPC decides to maintain key policy rates

EXPERIENCE FAIRMONT GOLD AT FAIRMONT DOHA, WHERE EXCEPTIONAL LUXURY IS PERSONALLY TAILORED

Governor of the Central Bank of Egypt Hosts Governor of the People’s Bank of China and Witness Signing of Three Memoranda of Understanding for Joint Cooperation

Saudi Arabia to Host 8th Global Health Exhibition in Riyadh, Spotlighting Investment and Innovation

Turkish Airlines is the Best Airline in Europe for the Tenth Time

آخر الأخبار
"المقاولون العرب" تبدأ إعادة تأهيل سنترال رمسيس بتوجيهات من رئيس الوزراء مالية عجمان تثري "صيفنا سعادة 2025" ببرامج تفاعلية تعزز المهارات والقيم المجتمعية PSG president Nasser Al-Khelaïfi’s kind gesture towards young fan goes viral during Club World Cup s... ٦٠ مليون و٣٦٥ ألف جنيه حصيلة البيع بجلسة مزاد ١٠ يوليو ٢٠٢٥ لسيارات وبضائع جمارك بورسعيد دمياط مجموعة موانئ أبوظبي تتعاون مع "منتدى المعادن الأساسية" لتعزيز سلسلة التوريد العالمية ودفع عجلة النمو... EC-Council Releases CEH Hall of Fame 2025 Industry Report "جميل موتورز" تطلق سيارة "GS4 Max" الجديدة كليًا لأول مرة فى السوق المصرية أبرز أنشطة وزارة الزراعة خلال أسبوع منتدى مصر للتعدين 2025 يستعرض دور مصر المتصاعد كمركز عالمي للاستكشاف والتعدين محمد عبد المعز: يتحدث عن كيفية إيجاد مزايا تنافسية فريدة للمباني الإدارية بالعاصمة الإدارية غدًا.. حفل آمال ماهر ووليد توفيق في مهرجان مراسي" ليالي مراسي" فيلم أحمد وأحمد يحقق 26 مليون جنيه خلال 9 أيام عرض بالسينمات المقاولون العرب تحصد جائزة "قائد النزاهة في الأعمال بإفريقيا لعام 2025" خلال قمة القيادة الإفريقية ف... منتخب الشباب يحدد موعد وملعب مباراته الودية الأولى مع الكويت وزير المالية: نتطلع إلى آليات مبتكرة لتمويل النظام الصحي في مصر وزير النقل والطيران السيراليوني يبحث التعاون مع المقاولون العرب في مجالات النقل بالفيديو.. الوزراء يكشف جهود تطوير مطار القاهرة والارتقاء بمستوى الخدمات للمسافرين بنك ناصر الاجتماعي يرعي معرض "ديارنا للحرف اليدوية والتراثية" بالساحل الشمالي شركة boAt الرائدة عالمياً في الأجهزة الصوتية القابلة للارتداء، تدخل السوق الإماراتية Governor of the Central Bank of Egypt Signs Memorandum of Understanding with Chinese Counterpart to ...