1st September 2024, Cairo, Egypt: NymCard, the leading provider of embedded finance solutions in the MENA region, has announced a strategic partnership with Banque Misr, one of Egypt’s most prominent banks, to revolutionise the digital payments landscape in Egypt.
This collaboration marks a significant milestone in Egypt’s financial sector, combining Banque Misr’s deep-rooted banking expertise with NymCard’s state-of-the-art embedded finance platform. The partnership is set to deliver groundbreaking digital payment solutions that cater to the diverse needs of Egypt’s rapidly evolving market.
Under this Memorandum of Understanding (MoU), NymCard will deploy its cutting-edge financial technology to offer seamless and innovative payment solutions. These solutions will empower telecom operators, fintech companies, small and medium enterprises (SMEs), and large corporations to accelerate their business growth. The platform’s ease of integration and flexibility enables businesses to overcome operational challenges, scale swiftly, and launch tailored financial products with unprecedented speed.
Omar El Moataz, Country Manager for Egypt at NymCard, expressed his enthusiasm for the partnership: “This alliance with Banque Misr represents a pivotal opportunity to showcase our advanced technology and its potential to transform the digital payments ecosystem in Egypt. Our state-of-the-art embedded finance platform is designed to simplify and enhance the way businesses operate, enabling them to innovate, scale, and thrive in today’s competitive landscape.”
Aligned with the country’s direction for digital transformation and financial inclusion, this partnership will play a key role in accelerating the adoption of electronic payment systems and advancing the country’s shift towards a cashless society. By harnessing the strengths of both organisations, the collaboration aims to provide secure, efficient, and user-friendly financial transactions for all citizens.
This partnership not only underscores NymCard’s commitment to expanding its presence in the Egyptian market but also reinforces its dedication to driving financial innovation across the region.
For additional information, please contact:
Press Relations:
press@nymcard.com
About NymCard:
NymCard is the only embedded finance player serving clients in more than 9 markets across MENA. Fully regulated by the Central Bank of the UAE, and a principal member of both VISA and MasterCard, NymCard empowers businesses of all sizes to launch new payment products quickly, including Prepaid Cards, Multi-currency offerings, a Corporate Digital Banking Platform, Charge and Credit cards, and Embedded Lending solutions.
