{"id":550418,"date":"2023-08-29T07:29:54","date_gmt":"2023-08-29T06:29:54","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=550418"},"modified":"2023-08-29T07:29:54","modified_gmt":"2023-08-29T06:29:54","slug":"mastercard-and-ingiz-team-to-launch-digital-payments-app-in-egypt","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/mastercard-and-ingiz-team-to-launch-digital-payments-app-in-egypt\/","title":{"rendered":"Mastercard and Ingiz team to launch digital payments app in Egypt"},"content":{"rendered":"

\"Mastercard,Mastercard has announced a strategic partnership with Ingiz<\/a>, a family financial management start-up in Egypt, to launch a digital payments application.<\/p>\n

The digital payments application has been designed to drive financial literacy and inclusion among Egypt\u2019s youth. Ingiz provides prepaid cards for parents and their children, allowing them to manage their finances effortlessly.<\/p>\n

The company encourages young users to earn, save and spend money with gamified in-app features while offering parents non-invasive monitoring tools for oversight.<\/p>\n

\u201cAdoption of a greater range of digital payment methods is rising in Egypt, and we are committed to developing new technology and providing innovative solutions that will enhance the payment experience. Our partnership with Ingiz will deliver a robust and intuitive family financial management app that unlocks access to secure and innovative payment options for future generations,\u201d said\u00a0Inji Borai, Country Manager, Egypt, and North Africa, Mastercard<\/strong>.<\/p>\n

As part of the new collaboration, Ingiz will leverage Mastercard\u2019s digital payment technology and its network, experience, and expertise to enhance its suite of financial products tailored to the needs of children and youth. The partnership aims to facilitate payment<\/a> processing and extend the app\u2019s reach to merchants and consumers, accelerating Ingiz\u2019s growth and expansion.<\/p>\n

In addition, Ingiz has partnered with Masria Digital Payments (MDP) to empower Ingiz to tap into the expertise of MDP as a leading processor. This step will extend Ingiz\u2019s market reach with a seamless payment solution leveraging Mastercard technologies on MDP platforms, further cementing the\u00a0 partnership between Mastercard and MDP.<\/p>\n

\u201cTogether with Mastercard, we seek to build a next-generation solution that will drive financial inclusion and, in turn, financial literacy in Egypt. The partnership will enable us to offer an unparalleled financial education experience that prepares our youth for a brighter tomorrow,\u201d said\u00a0Sherif Ramadan, CEO Ingiz<\/strong>.<\/p>\n","protected":false},"author":35778,"featured_media":550165,"parent":0,"template":"","categories":[11387,11384],"tags":[11438,13325,16117,27638,36718,21391,38297,11727,13646,21813],"class_list":["post-550418","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-investment-management","category-payments","tag-digital-payments","tag-financial-empowerment","tag-financial-literacy","tag-financial-management","tag-fintech-egypt","tag-fintech-news","tag-ingiz","tag-mastercard","tag-merchants","tag-prepaid-cards"],"acf":[],"yoast_head":"\nMastercard and Ingiz team to launch digital payments app in Egypt<\/title>\n<meta name=\"description\" content=\"Mastercard has announced strategic partnership with Ingiz, a family financial management start-up to launch digital payments application.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/mastercard-and-ingiz-team-to-launch-digital-payments-app-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mastercard and Ingiz team to launch digital payments app in Egypt\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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