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Sunday, 23 January 2022

MNT-Halan launches buy-now-pay-later service

Fintech firm MNT-Halan has launched a buy-now-pay-later (BNPL) service in its app,according to a statement (pdf). Backed by Halan’s recently-launched Neuron core banking system, the BNPL service allows customers to pay using credit on purchases made through the Halan app or direct from vendors, whether online or in a physical store.

The new service comes as MNT-Halan looks to grow its service menu in Egypt to include cards and supply chain financing, CEO and co-founder Mounir Nakhla said earlier this month. The company currently offers microfinance solutions, P2P transfers, bill payments, and remittances in addition to its BNPL loans.

Other things we’re keeping an eye on this morning:

  • Elsewedy Electric subsidiary Egytech Cables signed (pdf) two turnkey agreements worth EGP 686 mn for the design, supply, and installation of underground cables in a residential city in Kuwait.
  • Cairo University has partnered with the US government to open a disability service center, which will advocate for university-wide policies and provide services and equipment to students with disabilities.

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