MDP, the leading card and payment processing enterprise in the Middle East and Africa, has appointed Frank Molla as the Managing Director of MDP Africa.
In this capacity, Molla will oversee initiatives to support MDP’s expansion and look at regional prospects for collaboration and growth throughout the African continent.
His focus will be on enhancing MDP’s strategic direction, driving the next phase of growth, and creating value through continual excellence and innovation.
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Legacy of Simplifying Payments
For over three decades, MDP has been at the forefront of providing card and payment processing solutions to banks, fintechs, and various businesses across the Middle East and North Africa. With a mission to simplify payments, MDP has served over 1,000 companies and more than 300 million individuals, leveraging innovative payment solutions and strategic partnerships.
Expanding Impact in Africa
MDP aims to increase its impact by becoming the preferred partner for comprehensive card issuing and payment processing solutions across Africa. Molla’s appointment is expected to contribute to this goal by combining his extensive experience in financial services, technology, and market knowledge with MDP’s revolutionary technology to launch leading solutions in Africa.
Ahmed Nafie, CEO of MDP, praised Molla’s appointment, citing his extensive experience and track record in the payments industry. He emphasized Molla’s dedication to excellence, which aligns with MDP’s vision for the future. This appointment underscores MDP’s commitment to strengthen its presence in Africa and advance its mission of simplifying payment experiences across the continent.
According to Nafie “With Frank, We have a brilliant opportunity to handshake one of the foremost business leaders in financial technology with a compelling Africa macro-opportunity that we believe will create value and drive increased innovation for the continent’s payment market.
“We are delighted to have Frank holding the reins, given his track record of scaling organizations and focusing teams to capitalize on market opportunities and valuable business outcomes.” Ahmed Nafie added.
MDP’s CEO expressed confidence in Molla’s ability to deliver. He said: “I am confident that MDP is still in the early stages of forging improved and exciting payment opportunities in Africa, and I believe that we are well positioned to create and capture meaningful value in “Africa’s predicted Fintech growth of $65 billion by 2030. I am excited to work with an exceptional team to entrench MDP’s value through partnerships, build out the next level of growth that the continent presents, and radically accelerate our Africa footprint,” noted Molla on his appointment.
MDP anticipates that Molla’s leadership and contributions will continue to drive growth and innovation in the African payments industry. Nafie highlighted the opportunity to align Molla’s expertise with Africa’s significant fintech growth potential, estimated at $65 billion by 2030, to drive innovation and create value in the continent’s payment market.
Frank Molla’s Background and Expertise
Frank Molla brings over two decades of experience in the payments industry to his role at MDP. Before joining MDP, he served as the Managing Director and Head of Sub-Saharan Africa at BPC Banking Technologies, leading the company’s digital and technological expansion in the region. He also played a key role in shaping Mastercard‘s business strategy in Eastern Africa, focusing on innovation and technology-driven solutions.
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Molla’s Vision for MDP in Africa
Commenting on his appointment, Molla expressed confidence in MDP’s potential to create impactful payment solutions in Africa. He emphasized the company’s position to capitalize on Africa’s burgeoning fintech landscape and expand its footprint across the continent through strategic partnerships and innovative solutions.
With Frank Molla at the helm, MDP is poised to accelerate its growth trajectory and solidify its position as a leading player in Africa’s evolving payments ecosystem. His appointment reflects MDP’s commitment to innovation, excellence, and driving financial inclusion across Africa.
