Cairo – Mubasher: Mastercard has joined forces with Telda, the first money application in Egypt, to boost the country’s efforts towards digital transformation.

Under the partnership agreement, Telda will be able to issue prepaid cards to its customers and streamline transactions through Mastercard’s payment processing services, according to a statement on Tuesday.

Through the app, users can send and receive payments without requiring a bank account and control their prepaid account with money management features.