Halan Microfinance Bank, a Pakistani microfinance bank owned by MNT-Halan, Egypt, and the Middle East and North African region`s first fintech unicorn, has received a national licence from the State Bank of Pakistan, allowing it to expand outside of the Sindh province to the rest of the country, a recent press release details.

The national licence permits the bank to launch and manage financial services, including branchless banking, cards, mobile banking, retailer-based transactions, and wallet services. These services will complement the bank`s current product suite, which includes microfinance, salary advances, pensions, current accounts, and savings accounts.

The bank offers funding specifically for women, agricultural workers, and commercial vehicles. This inclusive model enables micro-entrepreneurs, small traders, and low-income segments to achieve financial independence, often without collateral.m