Copal, Egypt’s digital family payment solutions app, signs a strategic partnership with Mastercard to introduce its family payment and expenses management app in Egypt.
Copal aims to drive financial inclusion in the country through the integration of underbanked youth into the formal economy. The solution also comes with simplified financial education tools that support the inclusion of youth in the digitized payment ecosystem and helps them become more finance-savvy.
“At Mastercard, we leverage technologies to modernize and deliver innovative solutions that unlock the true potential of inclusive growth and bring more people into the digital economy. Our partnership with Copal demonstrates our commitment to expand the financial digital market in Egypt by providing our partners with the necessary services and tools to transform bold ideas and achieve scale at pace,” Adam Jones, Country General Manager, MENA Central at Mastercard, said.
With this partnership, Mastercard continues to grow its presence in Egypt’s FinTech scene with a joint focus on growth, knowledge sharing, and innovation opportunities.
The startup was founded in 2022 as a joint-stock FinTech company by Ahmed Refaat, Akram Abdou, and Mohamed Hassan.
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