Empowering Growth and Innovation in Africa's Payment Landscape
MDP, a leading issuing and payment processing firm in the Middle East and Africa, has announced the appointment of Frank Molla as Managing Director for Africa. In his new role, Molla will spearhead MDP's initiatives to drive growth, foster strategic partnerships, and explore localized opportunities for expansion across the continent.
MDP's Legacy of Payment Solutions
With a rich history spanning over three decades, MDP has been at the forefront of providing innovative card and payment processing solutions across various markets and sectors in the Middle East and North Africa. Serving over 1,000 companies and impacting the lives of more than 300 million people, MDP has established itself as a trusted partner in simplifying payments.
Strategic Focus on Africa
MDP aims to extend its impact by becoming the preferred partner for end-to-end card issuing and payment processing solutions in Africa. With a focus on banks, fintechs, telcos, corporates, and challenger banks, MDP seeks to leverage strategic partnerships and groundbreaking technology to deliver market-leading solutions tailored to the African market.
Leadership for Market Expansion
Frank Molla's appointment signals MDP's commitment to enhancing its presence in Africa and driving innovation in the payments industry. With his extensive experience spanning two decades in the payments sector across Europe, the Middle East, and Africa, Molla is poised to lead MDP's efforts in capturing the immense opportunities presented by Africa's burgeoning fintech landscape.
MDP's Vision for the Future
Ahmed Nafie, CEO at MDP, expressed confidence in Molla's ability to drive MDP's vision forward. He emphasized Molla's track record of excellence and his alignment with MDP's mission of simplifying payment experiences for banks, fintechs, and SMEs across Africa. Nafie highlighted Molla's appointment as a strategic move to accelerate MDP's growth and innovation in the African payments industry.
A Visionary Leader
Frank Molla brings a wealth of experience from his previous roles in leading payment technology firms. His tenure as Managing Director and Head of sub-Saharan Africa at BPC Banking Technologies and his contributions at Mastercard and American Express underscore his deep understanding of the payments landscape across diverse markets.
Driving Innovation and Growth
Molla's vision for MDP in Africa is centered on creating meaningful value and capitalizing on the continent's projected fintech growth. With a focus on partnership building, market expansion, and technology-driven solutions, MDP is poised to play a pivotal role in shaping Africa's payment ecosystem for years to come.