Page 21 - BKN301 PR Report - April 2024

Damen, BKN301 introduce ‘Damen Cash’ app to enhance e-payments, foster financial inclusion - Dailynewsegypt

Damen, BKN301 introduce ‘Damen Cash’ app to enhance e-payments, foster financial inclusion

Daily News Egypt
Last updated: April 5, 2024 1:57 pm Share

SHARE Damen, a pioneer in electronic payments, together with BKN301 Group, a leader in digital payments and
Banking-as-a-Service within the MENA region, have proudly unveiled their latest innova on, the “Damen Cash”
mobile app.
Aligned with Egypt’s Vision 2030, this partnership is dedicated to delivering secure and user-friendly e-payment
solu ons that support the na on’s financial inclusion objec ves and digital transforma on ambi ons, backed by
a solid digital infrastructure and legal frameworks.
“Damen Cash” is designed to simplify and accelerate financial transac ons, diminishing the dependence on
physical currency. The service caters to all societal segments, including low-income individuals and those in
distant locales, offering a straigh orward and secure method for electronic payments, thereby gran ng more
efficient access to financial services.

The app also allows for the convenient payment of recurring bills, such as u li es, telecommunica ons, and
educa onal fees, in addi on to facilita ng instalments, charitable contribu ons, mobile top-ups, and the ability
to monitor these transac ons monthly. The integra on of swi payment features and transac on tracking
significantly improves the customer experience.

Sameh Al-Mallah, CEO of Damen, expressed enthusiasm for the launch: “With ‘Damen Cash,’ we are excited to
extend our sophis cated e-payment services across Egyp an governorates, providing a solu on that is both
accessible and adaptable to the needs of our ci zens. Our goal is to drive progress in Egypt’s fintech and e-
payment landscape while championing the cause of financial inclusion.”

S ven Muccioli, Founder & CEO of BKN301 Group, remarked: “Our partnership with Damen, a dis nguished
en ty in the sector, signifies a tremendous growth opportunity for our financial and payment service
technologies in the MENA region. This venture represents a key step forward in our mission to transform Egypt’s
predominantly cash-based payment ecosystem, especially in its most isolated areas.”

Through its state-of-the-art fintech offerings, the company presents innova ve payment solu ons to businesses
across MENA, characterized by minimal fees and an excep onal user experience.

https://www.dailynewsegypt.com/2024/04/04/damen-bkn301-introduce-damen-cash-app-to-enhance-e-payments-foster-financial-inclusion/ 1/1