MNT-Halan, a leading fintech company in Egypt, has received approval from the Financial Regulatory Authority (FRA) to implement electronic Know Your Customer (e-KYC) in the country. This approval marks a significant milestone for Egypt’s fintech sector, providing a seamless digital experience by eliminating traditional paperwork and enabling fully digital account onboarding.
With e-KYC, users can open and activate accounts in minutes, gaining instant access to credit limits and investment opportunities anytime, anywhere. Mounir Nakhla, Founder & CEO of MNT-Halan, emphasized that the approval is a major step forward in simplifying finance and unlocking access to financial services for millions of Egyptians.
The e-KYC initiative removes the need for paper signatures and in-person identity checks, making financial services more accessible and convenient. This innovation reflects MNT-Halan’s commitment to driving financial inclusion in Egypt by utilizing cutting-edge technology to reach more people digitally.
Founded in 2018, MNT-Halan aims to revolutionize financial services through technology. The company offers business and consumer loans, prepaid cards, e-wallets, savings, and e-commerce services via its app and nationwide presence. MNT-Halan has already served over 8 million customers globally, continuing to expand its footprint in the financial services sector.
The company holds various licenses from Egypt’s Financial Regulatory Authority and the Central Bank of Egypt, including a microfinance and electronic wallet license, and has received numerous awards, including the Most Innovative Fintech Company in the Middle East and Africa by Global Finance Magazine.
