THE MIDDLE EAST’S

19. MDP
Description: Card issuing & payment processing solutions
Headquarters: Egypt
Date of Establishment: 2003
CEO: Ahmed Nafie
MDP provides payment solutions for financial institutions, non-banking financial institutions, and fintechs, including card manufacturing and personalization, payment processing, digital enablement solutions, and data analytics. It has served over 200 banks and 50 fintechs across Africa, the Middle East, and Eastern Europe. It processed $5.3 billion in 2024. To date, MDP has produced more than 340 million cards. In 2024, the company opened two regional offices in Kenya and Ghana, expanded its processing services into Libya, and acquired 27 new clients, reflecting a 324% increase in the number of financial transactions processed year-on-year.