Back to newsMonty Finance to enter MEA next year with latest FinTech servicesNov 01, 2021

Monty Finance to enter MEA next year with latest FinTech services

Monty Finance offers a futuristic ‘MyMonty’, featuring advanced Artificial Intelligence (AI) features and unique online user experiences. Its customers will be able to use their contactless cards to transact anywhere in the world, anytime, with ease via the market exchange rate.

Mountasser Hachem, Chairman and Founder, Monty Finance, said: “We are excited to bring banking essentials to many businesses and people in due course, ultimately providing a one-stop-shop, easy-to-use financial solution is beneficial for the region and the world.” Hachem says that many businesses and consumers are currently underserved or frustrated with levels of service, while even more people are part of the unbanked population with opportunities to open a bank account or receive and send money. “Monty Finance aspires to break these trends, ushering in a new chapter of online banking prosperity for all,” he added.

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Copyright © 2025, All Rights Reserved Monty Finance UK LTD

“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.”