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.
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