According to Yahoo Finance, Telda App plans to enhance money movement capabilities and streamline the digital card payment experience for Millennial and Gen Z customers. What makes Telda noteworthy is its services can be used by consumers without the need of a bank account.
Furthermore, the partnership will give Telda the authority to issue Mastercard prepaid cards for its customers. Meanwhile, Mastercard will make use of its processing technology and offer a safe and improved payment experience for customers.
Overall, the move highlights Mastercard’s efforts to strengthen its footprint as a leading technology provider in Egypt. By upgrading digital payments and virtual banking experience across the country, Mastercard aims to bring more homebound people under the ambit of a growing digital economy, Yahoo Finance reported.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.