Modupay (formerly MDP) provides payment solutions for banks, fintechs, telecommunications companies, and non-banking financial institutions, including card issuing, payment processing, digital payment solutions, and data and insights. Modupay has served over 200 banks and 60 fintechs, issuing more than 350 million cards to date. In 2025, transaction volume increased by 110% to $12.3 billion. In 2025, the company expanded into Ghana, Kenya, Libya and secured new investment led by Lorax Capital Partners, with backing from the EBRD, IFC, and Proparco, bringing its total funding to date to $88 million.