Back to newsHow MyMonty is pushing the boundaries of traditional bankingNov 04, 2021

How MyMonty is pushing the boundaries of traditional banking

The coronavirus pandemic has rapidly accelerated the rise of the digital age – disrupting industries, transforming the way they operate, and forcing businesses to constantly innovate.

Keeping pace with growing digitisation demands of customers and amidst an unstable business environment, Mountasser Hachem, MyMonty’s CEO, looks towards new avenues of growth and untapped opportunities.

“Since the financial crisis in 2008 and 2009 and many other occurrences arising around the globe, people started looking for different substitutes to rely on. They are even appealing for simple and fast services considering how fast their lives’ rhythm became. An undisputable potential exists in this area and we can all notice it, even at current moments,” shares Hachem.

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“For programmes operating in the United Kingdom, the Payment Account and Mastercard cards are issued by Paynetics UK, Company number 1248133, (via Monty Finance UK Ltd, a Technical Provider of Paynetics UK). Paynetics UK is a wholly owned subsidiary of Paynetics AD with its registered address at 1st Floor, 18 Devonshire Row, London, England, EC2M 4RH. Paynetics UK is an electronic money institution authorised and regulated by the Financial Conduct Authority (firm reference number 942777) for the issuance of e-money and provision of payment services in the UK.”

“For programmes operating in the European Union, the Payment account and Mastercard cards are issued by Paynetics AD (via Monty Finance UK Ltd, a Technical Provider of Paynetics AD) with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to license by Mastercard International Incorporated and Bulgarian National Bank.”