Mastercard and Nclude Partner to Accelerate Egypt’s Fintech Ecosystem and Boost Financial Inclusion
- Date: 12-Oct-2022
- Source: Eye of Riyadh
- Sector:Financial Services
- Country:Egypt
Mastercard and Nclude Partner to Accelerate Egypt’s Fintech Ecosystem and Boost Financial Inclusion
– Mastercard has announced a strategic investment in Nclude, a fintech focused VC investment platform launched in partnership with Egypt’s leading national banks - Banque Misr, National Bank of Egypt and Banque Du Caire - to further boost Egypt’s vibrant fintech ecosystem and support the country’s digital transformation journey. The partnership will deepen financial inclusion across Egypt by investing in promising early-and-growth-stage fintech and fintech enabled companies.
The announcement builds on Mastercard’s commitment to supporting the government’s efforts and favorable regulations aimed at transforming Egypt into a digital, financially inclusive society by harnessing the power of technology.