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Electronic Payment Solution for DAMEN by MDSL

November 06, 2019 - Cairo, Egypt

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MDSL, an ITG company, was chosen by Damen to provide them with a world-class payment solution for EFT transaction acquiring, switching, authorization and network access, enabling Damen with a convenient, fast digital payments options and experience they want.


MDSL is specialized in the supply and integration of banking solutions in Lebanon and the Middle East. The solution will be implemented by experts in the field and will include IST/Switch, Card Management System, and Merchant Management. The project will go live early 2020.


  • IST/Switch solution is a high performance EFT processing switch that offers full compliance with all major networks.
  • MDSL Card Management System provides the complete card life cycle management solution.
  • Merchant Management is a comprehensive and integrated solution that offers processing of a wide variety of acquiring transactions. It enables the acquirer to manage the entire spectrum of merchant securing business which contains: merchant setup, including stores and terminals.


About Damen

DAMEN was founded in 2018 with the aim of providing electronic payment solutions in the Egyptian market. Damen is a subsidiary of Smart Cards Applications Co. the company operating the government subsidy programs for the ministry of supply since 2005.

DAMEN and Smart have a network of over 65,000 merchants scattered throughout the country with offices and dedicated staff in all governorates servicing these merchants and their point of sale terminals. Damen provides a multitude of banking and payment services to their merchants ranging from bill payment to card acceptance and QR code and mobile payment acceptance.
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About MDSL

Established in 1978, MDSL, an ITG company, has a proven track record in the supply and integration of turnkey banking solutions in Lebanon and the Middle East region, including:

  • Core banking solutions: Core banking, treasury, risk management (asset liability management, profitability, Basel II), corporate & retail lending, electronic signature verification and mobile & internet banking
  • EFT solutions and payments: ATM/POS switching, Card management, Fraud management, and EFT software simulation (ATM/POS terminals, Hosts to Host interfaces), and instant / central card issuance systems

In addition, MDSL offers Telco solutions, business analytics, business intelligence, and enterprise content management solutions, and specialized software for the corporate governance.
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Information Technology Group (ITG) is a Lebanese holding company. We combine an array of autonomous affiliates dedicated to providing a large portfolio of solutions and services in the MENA region, in the areas of hardware, system software, and application software, in addition to building automation and office solutions.

Strong with our established reputation, proven track-record, and solid partnerships with leaders in the ICT industry, ITG can offer the full spectrum of solutions to most businesses, ranging from office furniture to the full-fledged data center, in addition to Cloud-based services.

ITG derives additional strength and reach thanks to its affiliation with the HOLCOM group of companies which has a 50 year history in diligently serving clients in the EMEA region with its 5,700 professionals.

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