MDP Rebrands as Modupay, Marking the Next Chapter in its Payments Platform Evolution

MDP, the leading regional payments technology provider, has announced its rebrand to Modupay, reflecting the company’s growth into a modular, end-to-end payments platform serving banks, fintechs, telcos and non-banking financial institutions across the Middle East and Africa.

Brand Evolution

"This is a brand evolution, not an operational change,” said Ahmed Nafie, CEO of Modupay. “We started our journey as a card manufacturer, driven by a simple goal: to help our partners deliver reliable payment solutions. As the industry evolved, so did we, expanding into payment processing and later into digital payments to stay ahead of our clients’ growing and changing needs. What hasn’t changed is our platform, our people, or our commitment to those we serve.”

Company’s Capabilities

The rebrand, Nafie went on to explain, reflects both the company’s current capabilities and its ambitions for the future. “The transition to Modupay reflects who we are today and the role we play in enabling institutions to launch, operate, and grow with confidence through modular, scalable, and smarter payment products. I’m incredibly proud of how far we’ve come, from a focused manufacturing business to a leading Payments Tech Enabler, now supported by more than 620 employees with operations across 40+ countries, with dedicated, on-the-ground teams in Ghana, Kenya, and Libya, ensuring we remain accessible, responsive, and close to our partners wherever they operate.”

Long-Term Vision

With this evolution, Modupay reinforces its long-term vision of supporting the Middle East and Africa’s financial ecosystem with future-ready payments infrastructure, grounded in deep regional market understanding and regulatory expertise, built for growth across the Middle East, Africa, and beyond.

Souce: press Release