Arab Finance: Fintech company Telda has partnered with Mastercard to add investment capabilities to its digital platform, allowing users to manage payments and investments through a single application, as per an emailed press release.
As part of the partnership, users can open an investment account using only a national ID, eliminating the need for traditional account-opening processes. Once registered, they can monitor market prices, fund their investment wallets, and execute transactions directly within the Telda app.
The development expands Telda's offering beyond payments by incorporating investment services into its existing digital platform.
The integrated system also enables users to access investment proceeds directly through their Telda cards. According to the companies, funds can be transferred without additional fees, allowing users to spend, save, or withdraw money through the same account.
The partnership comes as fintech companies and financial institutions in Egypt continue to introduce digital products aimed at broadening access to financial and investment services.
Telda and Mastercard said the solution is designed to simplify access to capital market products by bringing investment tools and everyday financial services together within a single digital environment.
