PayMint, a leading fintech company in Egypt, has received final approval from the Central Bank of Egypt to launch its first Meeza prepaid card, in strategic partnership with Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt).

Advancing Financial Inclusion & Digital Payments

This milestone supports PayMint’s ongoing efforts to expand its digital financial services and promote electronic payments in alignment with Egypt’s national direction toward a cashless economy and broader financial inclusion.

The new prepaid card enables PayMint users to:

• Withdraw cash
• Make in-store purchases
• Pay online within Egypt
• Track balance, usage, and manage card controls directly through the PayMint mobile app

A Strategic Collaboration with ADIB-Egypt

Mohamed Ali, CEO and Managing Director of ADIB-Egypt, expressed his enthusiasm for the partnership, highlighting that it reflects the bank’s commitment to adopting advanced digital solutions aligned with Sharia principles to empower customers with secure and seamless financial tools.

Sherif Moneer, Head of Cards at ADIB-Egypt, added that the new card is expected to gain strong traction given the growing reliance on digital financial solutions in everyday transactions.

Expanding PayMint’s Product Portfolio

Mohamed Rabie, Founder & Managing Director of PayMint, stated:
“We are proud to partner with ADIB-Egypt, a key player in Egypt’s banking sector and a leading supporter of fintech collaborations. This card is an important addition to our product suite, designed to serve individuals from permanent and temporary employment segments, freelancers, and suppliers by enabling them to receive payments and access seamless financial services.”

Mohamed Yehia, Vice Chairman of PayMint, added:
“We continuously diversify our services while maintaining the highest standards of security and data protection. Achieving the latest PCI-DSS certification reinforces the trust our clients place in us and reflects our commitment to secure, compliant digital payment solutions.”

MDP Powers PayMint’s First Prepaid Card

Eng. Ahmed Nafea, CEO of MDP, emphasized that enabling PayMint to issue its first prepaid card aligns with the company’s mission to support digital transformation across Egypt and enhance financial accessibility for individuals through innovative and secure technology.

About PayMint

Founded in 2019 by a team of banking and technology experts with over 70 years of combined experience, PayMint delivers innovative fintech solutions for businesses and individuals. In 2022, the company secured a seven-figure seed investment from AUR Fintech, supporting its expansion in the SME-focused fintech sector in Egypt.