MDP

What MDP does

Modupay is a Cairo-headquartered payments infrastructure provider that has operated for over three decades across the Middle East, Africa, and Eastern Europe. The company delivers an end-to-end payments stack organized around four product lines: Cards (production and personalization), Processing (issuing and acquiring), Digital (portals, apps, transaction services, gateways), and Value-Added Services (security, risk management, and analytics). All major payment schemes are supported, including Visa, and the platform is exposed to clients through 150+ APIs, allowing bank and fintech partners to embed card issuing, processing, tokenization, BIN sponsorship, fraud management, and data insights into their own products.

The platform is positioned as an enabler for three customer segments: banks (core modernization and digital transformation use cases), fintechs (rapid scaling of payment capabilities through API integration), and SMEs (access to enterprise-grade infrastructure via simplified integration). Distribution is enterprise-led through direct field sales, with offices in five or more countries and a growing team of 600+ employees supporting deployments across 40+ countries. Named reference customers include Valu, Lucky, and Khaznaa.

Modupay generates revenue from a combination of transaction-based processing fees for issuing and acquiring, subscription and recurring fees for card issuing, BIN sponsorship, and digital solutions/APIs, and quote-based enterprise pricing on large bank contracts. The company's institutional backers include development finance investors EBRD, IFC, Proparco, and Lorax Capital Partners, supporting its regional scaling strategy. Pricing is not publicly disclosed.

Name

MDP

Legal name

Modupay

Website

https://mdp.global

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Modupay is a Cairo-based B2B payments infrastructure provider serving 200+ banks and 40+ fintechs across 40+ countries in the Middle East, Africa, and Eastern Europe through 150+ APIs for card issuing, processing, and digital banking solutions.

Ownership category

akta.pro rank

Product category

Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)

Keywords

• Card issuing services
• Payment processing
• Embedded payments infrastructure
• Payment gateway APIs
• Card personalization

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing Services: Fees generated from processing payment transactions across issuing and acquiring networks for banks and fintechs
2. Card Issuing Services: Revenue from card production, personalization, and BIN sponsorship services for financial institutions
3. Digital Solutions and APIs: Subscription and usage-based fees for access to digital banking APIs, portals, and mobile applications

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Modupay provides an end-to-end cloud-native payments infrastructure platform serving banks, fintechs, and SMEs. Its modular product suite spans card production and personalization, payment processing (issuing and acquiring), digital portals and apps, gateways, and value-added services such as fraud and risk management and data analytics. Customers integrate these capabilities via 150+ industry-leading APIs to launch and scale embedded payment experiences.

Product overview

Modupay is an end-to-end payments infrastructure platform offering a modular product suite that includes Cards (production and personalization), Processing (issuing and acquiring), Digital (portals, apps, transaction services, and gateways), and VAS (security & risk, analytics). The platform serves 200+ banks and 40+ fintechs across 40+ countries in the Middle East, Africa, and Eastern Europe, processing payments through 150+ APIs with built-in PCI compliance and bank-grade security.

Differentiator

Problem solved

Functional benefit

Products and services

• Cards Card production and personalization services enabling banks and fintechs to issue customized payment cards.
• Processing End-to-end payment processing including issuing and acquiring services for banks and fintechs across major payment schemes.
• Digital Digital-first solutions including portals and apps, transaction services, and gateways for digital onboarding, card issuance, and mobile payments.
• Data Analytics Data insights and analytics platform providing actionable intelligence and transaction monitoring for banks and fintechs.
• VAS (Value-Added Services) Security and risk management solutions including fraud detection, tokenization, BIN sponsorship, and card controls for payment transactions.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Arab & Gulf Bank (AGB)coreTechnology or Integration · 19 October 2025MDP partnered with Arab & Gulf Bank (AGB) to launch a new digital banking app in Sudan, following a successful Visa Debit Card launch. The app aims to improve customer access and convenience, marking a key step in AGB's digital transformation strategy.
• VisacoreTechnology or IntegrationModupay supports all major payment schemes including Visa, enabling card issuing and processing across networks. Partnership enabled successful Visa Debit Card launch with Arab & Gulf Bank.
• Banks (200+)coreChannel Partner/ Reseller/ DistributorOver 200 banks utilize Modupay's payment infrastructure for card issuing, processing, and digital solutions across 40+ countries.
• Fintechs (40+)coreChannel Partner/ Reseller/ Distributor40+ fintech companies partner with Modupay for payment processing, card programs, and API-based integration services.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Arab Financial Services (AFS): MENA-focused card processor and payments infrastructure provider serving banks and fintechs. Directly comparable to Modupay's issuing, processing, and digital banking solutions across the same regional footprint.
• Network International: UAE-headquartered payments processor serving banks and merchants across MEA; the closest direct competitor to Modupay in regional card issuing, processing, and acquiring. Now owned by Brookfield following a take-private, it competes head-to-head for the same bank clients.
• Galileo Financial Technologies: API-first payments processing and card issuing platform (owned by SoFi) serving fintechs and banks globally. Comparable technology stack and customer base as Modupay's API-driven issuing and processing offering.
• Marqeta: Modern card-issuing and processing platform exposing APIs to fintechs and banks globally. Comparable as a cloud-native, API-first issuing/processing infrastructure provider, though operating at materially larger scale and in different geographies.
• BPC Banking Technologies: Payments technology vendor serving 400+ customers across 100+ countries, with strong emerging-markets focus on issuing, processing, and digital banking. Overlaps with Modupay across banks and fintechs in MEA and beyond.

Broad incumbents

• Adyen: Global unified payments platform serving large enterprises with acquiring, processing, and issuing. Increasingly relevant as it expands into MEA, competing for enterprise bank and platform accounts.
• Stripe: Global payments infrastructure giant offering processing, issuing (Stripe Issuing), and embedded finance APIs. Competes for the same fintech customer segment in MEA where Stripe expands its regional coverage.

Regional players

• Fawry: Egyptian fintech powerhouse offering digital payments, BNPL, and merchant acquiring across Egypt and MENA. Comparable as a Cairo-based regional payments platform, though more consumer/merchant-facing rather than bank infrastructure.

Emerging players

• M2P Solutions (M2P Fintech): Emerging markets-focused card issuing and payments infrastructure provider with a comparable API-driven, modular approach. Targets banks and fintechs in MEA, South Asia, and Southeast Asia — overlapping customer profiles with Modupay.
• Paymentology: Cloud-native issuer processor and payment infrastructure platform serving fintechs and banks across Africa, Middle East, and other emerging markets. Directly comparable as a newer-generation challenger to Modupay's core issuing and processing stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mdp-eg

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MDP