Mastercard and Carticard partner for inclusive finance in Egypt

Mastercard and Carticard, a subsidiary of Egabi FSI, have announced a partnership to enable Carticard customers access Mastercard loans. Carticard offers digital products to small entrepreneurs such as merchants, skilled laborers, and farmers. The collaboration will enable Carticard to expand its network of cardholders to about 400 000. It will also enable Egabi FSI to reach over 2 million people in need of microloans in the Middle East and Africa.