Mastercard, Ingiz partner to boost financial literacy in Egypt

Payment company Mastercard partnered with Ingiz, an Egyptian financial management start-up, to boost financial literacy among Egyptian youth, according to a press release on Sunday.

This will be achieved through launching an innovative digital payments application to ensure inclusion among youth.

Under the partnership, Ingiz will use Mastercard’s digital payment technology to boost its financial products to meet the needs of children and youth.

The collaboration also targets easing payment process and expanding the application’s footprint to reach a diversified range of merchants and consumers.

“The partnership will enable us to offer an unparalleled financial education experience that prepares our youth for a brighter tomorrow,” Sherif Ramadan, CEO of Ingiz, said.

Inji Borai, Country Manager Egypt and North Africa at Mastercard, also commented saying “our partnership with Ingiz will deliver a robust and intuitive family financial management app that unlocks access to secure and innovative payment options for future generations.”