Al Ahly Momkn
Al Ahly Momkn, an Egyptian fintech subsidiary of the National Bank of Egypt, provides multi-channel digital payment solutions via POS terminals, a mobile app, and the Momkn Pay cloud platform, serving governments, utilities, universities, microfinance firms, insurers, and consumers.
- Company typePrivate
- Founded2016
- HeadquartersCairo, Egypt
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Al Ahly Momkn does
Al Ahly Momkn is an Egyptian fintech company and wholly-owned subsidiary of Al Ahly Capital, itself part of the National Bank of Egypt (NBE) group. Founded in 2016 and headquartered in Cairo, the company operates a multi-channel digital payments platform comprising POS terminals deployed across merchant locations, a consumer-facing mobile application (Momkn), and a cloud-based business payment platform (Momkn Pay). Its product suite supports utility bill payments, mobile recharges, tuition and insurance premium collection, loan disbursement and repayment, donation processing, club memberships, transportation ticketing, and business-to-business cash collection. The company targets both B2B partners — government entities, universities, utility providers, microfinance institutions, insurers, retailers — and individual consumers across Egypt.
The underlying technology stack centers on a cloud-based payment infrastructure that integrates payment-by-code (QR/scannable), e-invoicing with real-time tracking, bulk payment order creation, and multi-sub-entity management with distinct per-entity fee structures. The platform accepts cash, card, prepaid, and digital payments through a single integrated environment, with end-to-end business collection services that include agent-based scheduled cash pickup from merchant premises. Customizable collection cycles and real-time dashboards are positioned as key operational features for enterprise customers.
Al Ahly Momkn monetizes through per-transaction fees charged to merchants, businesses, and consumers, with separate fee schedules for each sub-entity within a business account. Go-to-market is primarily direct sales and channel partnerships, supplemented by a franchise distribution network via El Barid for Distribution (a subsidiary of Egypt's National Postal Authority) and ecosystem integrations with partners such as Bokra and Mohandes Insurance. The company's customer base spans multiple verticals — government and public sector, utilities, education, microfinance and consumer finance, clubs and syndicates, transportation, charity, and individual consumers — giving it distributed exposure across the Egyptian cashless economy. e-finance acquired a 25% strategic stake in May 2024.
Al Ahly Momkn firmographics
Firmographics- Name
- Al Ahly Momkn
- Legal name
- ALAHLY MOMKN
- Website
- https://alahlymomkn.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Al Ahly Momkn, an Egyptian fintech subsidiary of the National Bank of Egypt, provides multi-channel digital payment solutions via POS terminals, a mobile app, and the Momkn Pay cloud platform, serving governments, utilities, universities, microfinance firms, insurers, and consumers.
- Ownership category
- akta.pro rank
Al Ahly Momkn industry classification
Industry- Product category
- Digital Payment Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industries
- Payment Gateways & Orchestration (BPAMAFAA), Bank Bill Pay (Consumer & Small Business) (FSAMAJAC), Payment Processing for Collections (Lockbox, ACH, Card, IVR) (FSAKAJAJ)
Keywords
Where Al Ahly Momkn is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices1 record
Markets served
Al Ahly Momkn business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction & Payment Processing Fees: Momkn earns transaction fees from merchants and businesses for processing payments through its POS terminals, mobile app, and digital platforms. Fees are distinct for each sub-entity under a business account. The company supports cash acceptance, card payments, prepaid payments, and digital transactions across multiple sectors.
- Business Collection Services: Revenue generated from business-to-business collection services where Momkn's agents collect cash from merchants' premises on scheduled cycles, charging a fee per collection or a percentage of collected amounts.
- Digital Bill Payment Services: Processing fees from bill payment services for utilities (electricity, gas, water), telecom recharges, tuition payments, and other recurring bills, with fees charged per transaction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Business Account with Sub-Entities |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Al Ahly Momkn product offering
Product offeringCore offering
Al Ahly Momkn provides a digital payment infrastructure for Egypt through three primary channels: a network of Point of Sale (POS) terminals at merchant locations, the Momkn Pay cloud-based business platform for enterprises, and the Momkn consumer mobile application. The platform enables bill payments for utilities, telecom recharges, tuition, transport tickets, insurance premiums, donations, and loan disbursement/repayment across government, education, microfinance, charity, clubs, and transportation sectors. The company earns revenue primarily through transaction and processing fees charged to merchants, businesses, and service providers.
Product overview
Al Ahly Momkn is a fintech company and subsidiary of the National Bank of Egypt offering a comprehensive digital payment ecosystem. The core product portfolio consists of Momkn Pay (cloud-based payment platform with e-invoicing and payment-by-code features), Point of Sale (POS) terminals enabling multi-service bill payments, and a Mobile Application for consumer transactions. These are supported by industry-specific solutions for government, utilities, education, charity, microfinance, clubs, transportation, and business collections. The platform enables digital wallet services, bulk payment orders, real-time invoice tracking, and supports entities management with distinct sub-entity fee structures. All solutions are designed to accelerate Egypt's cashless economy and foster financial inclusion.
Differentiator
Problem solved
Functional benefit
Products and services
- Momkn Pay
Quantifiable outcome
- Trusted by thousands of businesses across Egypt
- +3 more outcomes
Companies that use Al Ahly Momkn
Customer profileNamed customers4 records
Segments9 records
Ideal customer profiles4 records
Al Ahly Momkn technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Al Ahly Momkn partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- El Barid for DistributioncoreAl Ahly Momkn signed a strategic cooperation agreement with El Barid for Distribution (a subsidiary of the National Postal Authority) to establish and operate a nationwide franchise network for digital financial services. The partnership aims to create new branches offering digital wallet onboarding, KYC services, and payment collection across Egypt, with initial branches launching in Cairo and Port Said before nationwide expansion.
- Benha UniversitycoreAl Ahly Momkn signed a strategic cooperation agreement with Benha University to deliver digital payment solutions for tuition and postgraduate fee collection, streamlining student services and supporting the university's digital transformation. The partnership includes plans for Momkn to expand its footprint across both public and private universities in Egypt.
- BokracoreBokra Holding entered a strategic partnership with Al Ahly Momkn to enhance digital payments in Egypt. The partnership enables Bokra users to access cash-in and cash-out services through Al Ahly Momkn's extensive merchant network. By combining Bokra's innovative platform with Momkn's expertise in digital payments, the alliance aims to make financial transactions faster, easier, and more accessible nationwide.
- Mohandes InsurancecoreMohandes Insurance partnered with Al Ahly Momkn to enable digital premium payments across Momkn's POS terminals and digital channels. Individual and corporate clients of Mohandes Insurance can now pay policy premiums through Momkn's payment network. Al Ahly Momkn received formal approval from the Financial Regulatory Authority to begin collecting insurance premiums as part of this collaboration.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Al Ahly Momkn competitors and assessment
Company assessmentDirect peers
- Fawry: Egypt's largest digital payments platform, offering POS, mobile bill payment, and merchant collection services across utility, education, telecom, and government verticals. Closest direct competitor to Al Ahly Momkn given overlapping product suite and target verticals in Egypt.
- Paymob: Egyptian payments infrastructure provider offering payment gateway, POS, and acceptance APIs to merchants and SMBs. Directly comparable in targeting Egyptian merchants with digital payment acceptance across channels.
- eFinance Investment Group: Egyptian fintech operating government and consumer digital payment rails; now a 25% shareholder of Al Ahly Momkn. Closely comparable platform operating government collection and online payments infrastructure.
- EasyCash: Egyptian digital payment and acceptance company within the e-finance ecosystem that provides POS terminals, online payments, and collection services. Direct competitor targeting similar SMB and bill-payment use cases.
Emerging players
- Khazna: Egyptian fintech providing Buy Now Pay Later, digital payments, and financial services to underbanked consumers. Overlaps with Al Ahly Momkn's financial-inclusion and consumer digital payments focus.
- MNT-Halan: Egyptian fintech operating a digital wallet, payments, and lending platform serving consumers and small merchants. Comparable consumer payment and microfinance intersection relevant to Al Ahly Momkn's microfinance vertical.
- valU: Egyptian consumer finance and BNPL provider owned by EFG Finance. Adjacent peer in digital consumer payments and installment collection that intersects Al Ahly Momkn's installment and merchant verticals.
- Telda: Egyptian digital banking and consumer payments app targeting young, underbanked users. Emerging competitor in the consumer mobile payments space where Al Ahly Momkn operates its Momkn app.
Broad incumbents
- Stripe: Global payment orchestration and infrastructure provider. Useful as a broader incumbent comparability reference for Momkn Pay's cloud payment platform capabilities.
- Network International (now en/para en/para/globalsolutions): MEA-focused payment processor and acquirer offering POS, merchant services, and payment infrastructure. Comparable incumbent operating across the same regional payment acceptance space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Al Ahly Momkn social profiles
Digital presenceAl Ahly Momkn financial estimates
Financial estimateRevenue estimate
Valuation estimate
Al Ahly Momkn leadership team
Management profileNumber of profiles
Profiles9 records
Al Ahly Momkn funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Al Ahly Momkn M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Al Ahly Momkn
What does Al Ahly Momkn do?
Al Ahly Momkn provides a digital payment infrastructure for Egypt through three primary channels: a network of Point of Sale (POS) terminals at merchant locations, the Momkn Pay cloud-based business platform for enterprises, and the Momkn consumer mobile application. The platform enables bill payments for utilities, telecom recharges, tuition, transport tickets, insurance premiums, donations, and loan disbursement/repayment across government, education, microfinance, charity, clubs, and transportation sectors. The company earns revenue primarily through transaction and processing fees charged to merchants, businesses, and service providers.
Is Al Ahly Momkn a public or private company?
Al Ahly Momkn is a private company. It is classified as state government owned and is currently operating.
When was Al Ahly Momkn founded?
Al Ahly Momkn was founded in 2016. It employs 251 to 500 people.
Where is Al Ahly Momkn based?
Al Ahly Momkn is headquartered in Cairo, Egypt, in the Africa region.
How does Al Ahly Momkn make money?
Three revenue lines are on record. Transaction & Payment Processing Fees are the primary driver. The others are business Collection Services and digital Bill Payment Services.
Who are Al Ahly Momkn's main competitors?
Direct peers on record are Fawry, Paymob, eFinance Investment Group and EasyCash. Emerging players are Khazna, MNT-Halan, valU and Telda. Broad incumbents are Stripe and Network International (now en/para en/para/globalsolutions).
Does Al Ahly Momkn have an API?
No public API is recorded for Al Ahly Momkn.
What industry is Al Ahly Momkn in?
Al Ahly Momkn's product category is Digital Payment Services. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 522320 and its SIC code is 7370.