Telda Egypt Improves its Investment Structure with A Mastercard Partnership.
Telda and Mastercard have joined forces to introduce a new integrated solution in Egypt. Together, the firms are seamlessly connecting everyday payments and investment wallets within the Telda app.
This marks a major step toward a fully unified digital ecosystem. Additionally, Telda Leveraging Mastercard’s advanced technology, its transforming financial services into an experience that is inclusive, accessible, and seamlessly integrated. This collaboration democratizes access to the capital market. It empowers new customer segments without requiring advanced financial expertise and advancing Egypt’s vision for digital financial transformation.
How The Partnership Works
With just a national ID in Egypt, users can open an investment account instantly. The platform offers a fully integrated digital ecosystem. Here, users can track market prices, execute transactions, and fund their investment wallets anytime. Profits are immediately available, transferred directly to the Telda card without delays or fees. This, giving users the flexibility to spend, save, or withdraw cash effortlessly.
Ahmed Sabbah, CEO of Telda, stated: “Telda was founded with a bold vision to redefine the financial services experience. Today, the integration of daily payments, and the investment wallet within a single app through our collaboration with Mastercard marks a significant leap forward. It gives individuals immediate control over their money. We are proud to collaborate with Mastercard. Their continuous support has been instrumental in turning this vision into reality. As well as empowering users to build their wealth effectively and sustainably.”
Mohamed Assem, country manager for Egypt, Iraq, Lebanon and Syria at Mastercard, commented: “Our collaboration with Telda marks a transformative step for Egypt’s financial landscape. By embedding Mastercard’s digital capabilities within Telda’s platform, we are creating a seamless bridge between everyday payments and investment opportunities, empowering users to manage, grow, and access their wealth instantly. Together, we are redefining financial inclusion and supporting Egypt’s vision for a fully digital, unified financial ecosystem.”
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By combining Telda’s innovation with Mastercard’s global network and expertise, this collaboration reflects a broader commitment to supporting the growth of Egypt’s fintech ecosystem. As the sector evolves, access to the right expertise, technologies, and collaborations will be key to enabling fintechs to scale and deliver meaningful impact.
About Telda
Telda is a fintech platform and digital payment app designed specifically for millennials and Gen Z in Egypt. Backed by Sequoia Capital, it offers users a unified digital ecosystem to send, spend, save, and invest money through a streamlined mobile application and an accompanying prepaid card. It has now partnered with Mastercard in its next move towards maximumizing customer satisfaction.
