Egyptian fintech Telda has teamed up with Mastercard to release a new integrated solution in Egypt, connecting everyday digital payments with an investment wallet inside a single application. The move aims to lower the barrier to entry for Egyptians looking to access the capital market.
Quick Facts
- Combines daily payments and investing in one app.
- Users can open an account with a national ID.
- Profits are transferred instantly to the Telda card.
Bridging Daily Spending and Wealth Creation
Leveraging Mastercard’s technology, the new Telda feature offers a unified digital platform where users can manage their finances holistically. The app allows individuals to open an investment account instantly using just their national ID.
Within the platform, users can track market prices, perform transactions, and add funds to their investment wallets at any time. A key feature is the immediate availability of profits, which are transferred directly to the user’s Telda card without delays or fees. This gives customers the ability to spend, save, or withdraw their earnings from investments as cash.
A Push for a Unified Financial Ecosystem
The partnership is positioned as a significant step in democratizing access to financial tools and supporting Egypt’s national vision for a more comprehensive digital economy.
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, giving individuals immediate control over their money. We are proud to collaborate with Mastercard, whose continuous support has been instrumental in turning this vision into reality and 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.”
About Telda
Telda is an Egyptian financial technology company focused on building an easy-to-use money app for MENA’s Generation Z. The company provides a simplified way for users to send, spend, and save money, along with a Mastercard-powered card for online and in-store payments.
Source: Zawya
