Egyptian financial technology company MNT-Halan is investing $10 million in Pakistan to grow its microfinance business. By the end of this year, it plans to open 100 new branches across the country. The goal is to provide financial services to Pakistan’s large unbanked population and move towards digital banking solutions.
MNT-Halan started in 2017 as a ride-hailing company but later shifted to fintech, offering digital financial services. In March 2024, it acquired Advans Pakistan Microfinance Bank, which now operates under Halan Microfinance Bank. Currently, the bank runs 19 branches in Sindh helping people access loans and other financial services.
The company is growing fast in Pakistan, offering mobile wallets, debit and credit cards, and Buy Now, Pay Later (BNPL) services. These products make it easier for people to manage their money, shop, and pay bills digitally.
Looking ahead, MNT-Halan plans to increase its investment to $10 million by 2025. This will help improve Pakistan’s digital finance sector and bring more people into the formal banking system.
With its expansion, MNT-Halan aims to boost financial inclusion and digital transformation in Pakistan, making banking more accessible and convenient for everyone.
