Egyptian fintech PayMint launches Meeza prepaid card offering in partnership with ADIB-Egypt
Egyptian fintech PayMint has received final approval from the Central Bank of Egypt to launch its Meeza prepaid card offering in collaboration with Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt).
PayMint partners ADIB-Egypt to launch new card offering
According to ADIB-Egypt, the launch supports its initiative to advance financial inclusion “in line with the vision of the Egyptian government and the Central Bank of Egypt” by collaborating with fintech companies to drive the nation’s shift towards a cashless society.
Founded in 2019, PayMint provides a wide range of financial services for both individuals and micro, small, and medium-sized enterprises (MSMEs) in Egypt, including instant money transfers, scheduled payments, and business loans of up to EGP 3 million (approximately $60,000).
The newly launched Meeza prepaid cards will enable users to carry out everyday transactions, including cash withdrawals, in-store purchases, and online shopping within Egypt.
Moreover, PayMint says cardholders will be able to “monitor their usage, check their available balance, and manage their cards” through its mobile app.
Mohamed Rabie, MD and founder of PayMint, adds that the new card offering 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”.
