Mastercard and MDP Forge Strategic Alliance

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Mastercard and MDP, a modern payment processing powerhouse, have joined forces to revolutionise the payments ecosystem for banks and non-financial institutions (non-FIs) in the Middle East and Africa region. 

This collaboration will transform MDP into an innovative one-stop-shop processing services hub, integrating Mastercard’s digital assets and white-label applications with the payment processor’s products.  

This strategic alliance represents a transformative initiative, offering a wide range of benefits to various stakeholders. It empowers financial institutions to bring innovative products to the market swiftly and efficiently, with minimal involvement from their internal teams. It streamlines SME lending and consumer lending/Buy Now Pay Later (BNPL), and provides accessible credit options via mobile apps, in addition to extending into more innovative areas, like AI health and fitness and sustainability.

Fintech companies stand to gain from a faster time to market through Card-as-a-Service (CaaS) and sandbox capabilities. Meanwhile, non-FIs and telecommunication companies can proficiently offer white-label apps to their subscribers overcoming associated hurdles such as BIN sponsorship, which will be available through the CaaS enablement program with MDP.