PayMint Launches Meeza Prepaid Cards in Egypt With ADIB
Egyptian fintech PayMint has received final approval from the Central Bank of Egypt to launch its first “Meeza” prepaid cards in partnership with Abu Dhabi Islamic Bank (ADIB).
The new Meeza cards will allow PayMint customers to make purchases, withdraw cash, and shop online within Egypt. Cardholders will be able to monitor usage, check balances, and manage their cards through the PayMint mobile application.
This launch aligns with the Central Bank of Egypt’s efforts to foster financial inclusion by collaborating with fintechs. It supports the transition to a cashless society by offering digital solutions that meet customer needs.
Mohamed Aly, CEO and managing director of ADIB in Egypt, stated that the partnership reflects the bank’s commitment to adopting advanced, Islamic-compliant technology solutions to empower customers.
In his words,
“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.”
He further emphasized that PayMint’s services align with ADIB’s strategy to expand its banking and digital offerings.
Also commenting, Mohamed Rabie, managing director and founder of PayMint, expressed pride in the partnership with ADIB-Egypt.
He said,
“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.”
PayMint has also ensured its commitment to global standards for customer data security and payment procedures by obtaining the latest PCI-DSS certification. This global standard verifies the security measures of payment gateways, e-commerce platforms, and banks, ensuring customer data confidentiality and preventing the storage of sensitive information.
Founded in 2019, PayMint provides fintech services to support small and medium enterprises (SMEs) across Egypt. The fintech company provides small and medium sized businesses with funding up to 3 million Egyptian Pound. PayMint is trusted by 90+ Clients with over 5k Beneficiaries.
