Egyptian Fintech MNT-Halan Launches New In-App BNPL Services
Businesses could see accelerated growth in their revenues as well as a wider customer base through this flexible paying option both online and in-store.
As part of its comprehensive digital ecosystem that include SMEs lending, payments, consumer finance, e-commerce and delivery, Egyptian fintech MNT-Halan has launched a buy-now-pay-later (BNPL) service on its platform. The largest and fastest growing lender to the unbanked, the fintech has been making strides towards Egypt’s goal of financial inclusion.
This latest addition will equip users with the ability to purchase, pay and receive items whenever they want even if they don’t have the purchasing power to do so initially. Businesses will see accelerated growth in their revenues as well as a wider customer base through this flexible paying option both online and in-store.
More than 1500 merchants have been onboarded through the Halan merchant app, facilitating transactions for more than 25,000 customers with an additional 50,000 currently onboarding.
“We are revolutionising the shopping experience in Egypt by delivering value and convenience to the consumer in one app. We are also growing our e-commerce platform and onboarding third party merchants to increase our digital offering. Our off-line merchant feedback has also been phenomenal. I am very happy to see that we are significantly growing the revenue streams of every merchant we have onboarded,” Mounir Nakhla, CEO of MNT-Halan, commented.
Since its founding in 2018, MNT-Halan has grown to be the leading lender to the under- and unbanked segment of Egyptian society, providing them with electronic solutions to cash transactions. MNT-Halan currently serves more than four million customers in Egypt with one million monthly active users.
