During its participation at Seamless Middle East 2024, Monty Finance, a leading innovator in digital finance solutions, announced its readiness to go global. Moreover, the company announced that its services, MyMonty and Comcach Digital Wallets, are now available across the Middle East and Africa. In addition, Monty Finance announced that new services are now available for merchants through MontyPay by integrating loyalty and lending features. Finally, the digital finance leader also announced plans to launch its next groundbreaking innovation, the Monty Business App.
Going global
During the event, Monty Finance showcased the versatility and comprehensive capabilities of its products, MyMonty and MontyPay. It also highlighted their successful application and adaptability in both B2B and B2C markets.
Monty Finance announced the readiness of MyMonty to go global as an adaptable, white-labeled digital banking solution designed for seamless integration across markets. In Europe, the service provides banks and financial institutions with seamless B2B integrations. This makes it a popular choice for institutions seeking customized digital solutions that enhance their service offerings. The MyMonty app also offers a personalized variety of virtual cards which allows users to choose designs that best suit their lifestyles and personalities. Moreover, the app offers an exclusive premium card that combines sophisticated design with functional elegance.
Part of Monty Finance’s MyMonty services includes facilitating global connectivity. With its cross-border transfer feature, it enables users to utilize free P2P transactions across more than 160 countries. That is a vital service for the expatriate community and global travelers. In addition, MyMonty offers specialized loan services, a unique feature that distinguishes MyMonty from other apps available on the market.
MontyPay’s new services
Monty Finance’s solution, MontyPay, is preparing to transform the payment sector with the launch of three new services: in-store payments, self-service checkouts and eCommerce solutions. Those services cater to the diverse needs of merchant partners, highlighting MontyPay’s leadership in the Middle East as the first service provider to seamlessly integrate loyalty and lending options into its platform, enhancing merchant-customer interactions.
MontyPay’s omnichannel solution seamlessly integrates online and offline sales channels, enhancing customer engagement and maximizing sales potential. Moreover, features like smart routing and payment links streamline operations. Meanwhile, real-time analytics and fast settlement options ensure efficient financial management. In addition, MontyPay offers its services as a white-label solution to PSPs and acquirers, enabling them to expand their business offerings.
Looking forward to MyMonty Tech
At Seamless 2024, attendees had the exclusive opportunity to preview Monty Finance’s upcoming Monty business app, MyMonty Tech, which will launch next year. This solution caters to the needs of the business sector. Hence, it integrates features like FX trading, comprehensive payment systems for providers, and seamless third-party transactions.
Moreover, the app will introduce multiple fintech solutions that cater to banks, fintech innovators and telecommunications companies. MyMonty Tech also offers a low-code/no-code platform that empowers financial institutions to configure intuitive front-ends. It also supports a diverse array of services, including comprehensive AML processes, and innovative payment solutions that provide secure, scalable, and efficient financial operations.
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