By 
PayMint, a leading Egyptian fintech company, has secured final approval from the Central Bank of Egypt to launch its first “Meeza” prepaid cards in collaboration with Abu Dhabi Islamic Bank (ADIB).
These Meeza prepaid cards enable users to make purchases, withdraw cash, and shop online within Egypt. Cardholders can also track transactions, check balances, and manage their cards through the PayMint mobile app.
The launch aligns with the Central Bank of Egypt’s broader initiative to promote financial inclusion and transition towards a cashless society. By partnering with fintech firms, the Central Bank aims to provide innovative digital solutions tailored to meet diverse customer needs.
ADIB’s Commitment to Innovation
Mohamed Aly, CEO and Managing Director of ADIB Egypt, highlighted the significance of this partnership, stating:
“We are delighted to partner with PayMint, a leading fintech company. This partnership reflects our commitment to adopting advanced technological solutions that align with Islamic principles to empower customers and enable them to manage their finances with ease and security. PayMint’s services align with the bank’s strategy and vision to expand its banking and digital solutions.”
A Fintech-Driven Vision
Echoing this sentiment, Mohamed Rabie, Managing Director and Founder of PayMint, expressed pride in the collaboration with ADIB Egypt:
“We are proud of our new partnership with ADIB-Egypt, a prominent player in Egypt’s banking sector and a leader in forming strategic alliances with fintech companies. Through this partnership, we aim to provide an exceptional and innovative experience for our customers, complementing our range of services for individuals and businesses. The new card is targeted at individual customers, including permanent and temporary workers for companies, freelancers, and suppliers, enabling them to receive their financial dues and benefit from card services.”
Strengthening Customer Security
In line with its commitment to global standards, PayMint has obtained the latest PCI-DSS certification, ensuring the security of customer data and payment processes. This certification underscores the company’s focus on safeguarding sensitive information and maintaining compliance with international best practices.
Supporting SMEs Across Egypt
Founded in 2019, PayMint provides financial technology solutions to support small and medium enterprises (SMEs) throughout Egypt. With funding capabilities of up to 3 million Egyptian pounds, PayMint has earned the trust of over 90 clients, benefiting more than 5,000 users.
This launch marks a significant milestone in driving financial inclusion and offering innovative digital banking solutions to meet the evolving needs of individuals and businesses in Egypt.
Comments