Misr Digital Innovation (MDI), a subsidiary of Banque Misr and the company behind Egypt’s first digital bank, is proud to announce its successful attainment of the Payment Card Industry Data Security Standard (PCI DSS) Certification, achieved in partnership with IGRC SQUARE, an accredited Qualified Security Assessor (QSA).
This accomplishment establishes MDI as a globally recognized leader, marking the company as the first in the market to be certified under the latest PCI DSS version, v4.0.1. This version introduces enhanced flexibility, clearer requirements, and a stronger focus on security, risk management, and monitoring, aligning with modern cybersecurity practices and promoting a proactive, risk-based approach to data protection.
PCI DSS outlines stringent security standards to protect environments where cardholder data (CHD) is stored, processed, or transmitted. It serves as a benchmark of operational and technical standards designed to safeguard payment account data. Achieving this certification strengthens MDI’s cybersecurity framework and bolsters customer trust by ensuring the highest level of data protection.
Sherif Elbehery, CEO of MDI, shared his thoughts on the milestone, stating, “This achievement represents a significant milestone for our organization. It underscores our unwavering commitment to maintaining the highest standards of security and compliance while further solidifying our position in the Central Bank of Egypt’s regulatory framework. With IGRC SQUARE’s unwavering support, this certification marks our first global recognition.”
Mohamed Helmi, Chief Information Security Officer at MDI, added, “Achieving the PCI DSS certification enhances our ability to gain the trust of customers and partners by providing the highest standards of security and privacy protection. We underwent a meticulous process, from planning and gap analysis to implementing security controls, system testing, and the official audit.”
Adel Higazy, CEO of IGRC SQUARE, emphasized the importance of this partnership: “Our mission as a leading cybersecurity solutions provider is to help organizations protect their data and devices with best-in-class security systems. This milestone is crucial for MDI, positioning them to gain customer trust during this transformative phase. We are honored to be part of this landmark achievement.”
The PCI DSS certification is a cornerstone of information security risk management for financial institutions and cybersecurity service providers. It not only secures sensitive data but also reinforces operational integrity, strengthening competitive positioning in a regulated, technology-driven industry.
About Misr Digital Innovation:
Founded in 2020, Misr Digital Innovation (MDI) was established with the vision of building Egypt’s first fully native digital bank. By leveraging cutting-edge technologies and innovative solutions, MDI is transforming banking by offering seamless, secure, and accessible digital financial services. As part of Egypt’s digital transformation strategy, MDI is driving financial inclusion and empowering customers through a fully integrated digital ecosystem.
About IGRC SQUARE:
IGRC SQUARE is a leader in risk, compliance, and privacy solutions, specializing in PCI DSS, PCI 3DS, PCI PIN, ISO 27001, and data privacy frameworks. With deep expertise in securing payment ecosystems, IGRC SQUARE helps organizations safeguard sensitive data and achieve regulatory excellence, advancing governance, risk, compliance, and privacy standards across industries.
