“Can a single end-to-end payments infrastructure platform — spanning card issuing, processing, tokenization, and BIN sponsorship — become the go-to BaaS layer for banks and fintechs across the MENA region?”
MDP (operating under the Modupay brand) is a B2B embedded payments infrastructure provider targeting banks, fintechs, and SMEs across the MENA region and beyond. The platform offers an end-to-end suite spanning card issuing, processing (acquiring and issuing), digital gateways, tokenization, BIN sponsorship, and value-added services including fraud management and analytics. With over a decade of market experience, 35+ bank and fintech clients, and 2M+ cards hosted across 7 countries, MDP positions itself as a BaaS API layer for financial institutions seeking to launch embedded payments products quickly.
Mdp discloses Modupay (self-operated) as its banking provider, according to the Embedded Finance Index 2026.
Mdp does not disclose a bank charter of its own; its banking services are provided through Modupay (self-operated).
Mdp processes payments through Modupay Acquiring (self-operated) and Modupay Issuing (self-operated).
Mdp's cards are issued through Modupay (self-operated).
The Embedded Finance Index 2026 maps 3 layers in Mdp's stack: Payments / PSP (Modupay Acquiring (self-operated) and Modupay Issuing (self-operated)); Banking / BaaS (Modupay (self-operated)); Card issuing (Modupay (self-operated)).
Mdp is headquartered in Unknown (operates in MENA region, 7 countries).
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