As the Central Bank of Egypt (CBE) mandates banks establish dedicated anti-fraud departments within six months, Modupay, the leading regional financial tech enabler, builds on a long-standing track record in advancing secure digital payments and risk management frameworks across Egypt and the wider Middle East and Africa (MEA) region.
With years of experience in fraud prevention and risk management, the company has been among the early adopters of advanced security practices in the Egyptian market, positioning it ahead of evolving regulatory requirements.
“The Central Bank of Egypt’s directive marks an important step in strengthening the resilience of the country’s financial ecosystem,” stated Ahmed Nafie, CEO of Modupay. “At Modupay, this is an area we have been actively developing over the years, working closely with banks and financial institutions to enhance fraud prevention frameworks in line with both local priorities and international standards.”
Real-time monitoring and a dedicated fraud engine
Modupay deploys behavioral analytics and rule-based engines to carry out real-time transaction monitoring. Within this established framework, customer verification calls are conducted when necessary.
In addition, Modupay’s fraud engine features its own dedicated omni-channel management system, equipped with automated alerts, while also being supported with manual review workflows. These capabilities are further strengthened by integrated risk scoring across both onboarding and transaction flows, alongside the creation and management of blacklists and whitelists, complemented by customizable list configurations tailored to each customer’s specific needs.
Operational rigor and international alignment
To support continuous improvement and maintain accuracy levels up to 99% in its security operations, Modupay regularly produces actionable performance reports and customer behavior dashboards. This approach reflects a broader commitment to operational rigor, extending beyond local regulatory compliance to alignment with international standards such as PCI DSS and ISO 27001.
Established expertise across the payments lifecycle
Over the years, Modupay has collaborated with banks, fintechs, telecommunications operators, and non-banking financial institutions to build, launch, and operate payment products. Its established expertise in risk and security is reflected in services including tokenization, 3D-Secure ACS, as well as fraud and risk intelligence.
This reflects the breadth of Modupay’s infrastructure, spanning card production and card issuance, ATM and POS management, portals and mobile applications, gateways, and analytics. In parallel, Modupay is fully certified by Visa, Mastercard and the local Egyptian scheme Meeza, in addition to being PCI-compliant.
The company’s operations extend to over 40 countries across Africa, Europe and the Middle East, with around 620 employees supporting its activities across the MEA region and beyond, in line with its focus on scalability, flexibility, and operational control.
About Modupay
Modupay is the leading payments tech enabler across the Middle East and Africa, empowering banks, fintechs, telcos, and non-banking financial institutions to build, launch, and operate payment products with greater flexibility and control. Formerly known as MDP, Modupay brings together card issuing, payment processing, digital payment solutions, data and insights, and compliance within a modular, scalable, end-to-end platform.
With more than 30 years of experience in the payments ecosystem, Modupay supports partners across the full payments lifecycle, from personalized card production to financial transaction processing and digital payments. Headquartered in Cairo, Egypt, Modupay operates in more than 40 countries and is backed by a team of over 620 professionals, remaining accessible and close to its partners through dedicated, on-the-ground teams across key regional markets.
19/4/2026