MyMonty, a fintech company driving payment innovation in Lebanon, has announced a collaboration with Mastercard to boost the adoption of digital payments and support the country’s transition toward a digital economy. This partnership aims to scale MyMonty’s digital payment solutions, providing individuals and businesses with the necessary tools to improve transaction efficiency and security.
Mountasser Hachem, founder and CEO of Monty Group, alongside Adam Jones, Executive Vice President and Division President – West Arabia at Mastercard, highlighted the strategic significance of this collaboration during its announcement.
Antoni Lorfing, CEO of Monty Finance, stated: “Lebanon is at a pivotal moment in its financial transformation. By joining forces with Mastercard, we are accelerating the adoption of digital payments, providing more secure, more convenient, and more accessible financial transactions for everyone. This collaboration brings us one step closer to a truly cashless economy.”
Adam Jones added: “At Mastercard, we are committed to driving payment innovation and leveraging our advanced technology, making digital payments more accessible and convenient. We are thrilled to join forces with MyMonty to unlock new opportunities for consumers to access digital payment solutions and fuel the growth of the country’s digital economy.”
By leveraging Mastercard’s extensive network and innovative payment technology, MyMonty is poised to empower its users with advanced security features. Individuals will be able to enjoy a more convenient way to manage their money and spend with confidence at home and abroad.
This collaboration is expected to accelerate the digital payment ecosystem in Lebanon, benefiting businesses and consumers by enhancing transaction speed, security, and accessibility, ultimately contributing to the nation’s broader digital economic development.
