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Damen & BKN301 Group Launch“Damen Cash” Mobile Application To Drive Electronic Payments And Financial Inclusion | M…


        Damen & BKN301 Group Launch“Damen Cash”


        Mobile Applica on To Drive Electronic Payments

        And Financial Inclusion



        Date
        4/3/2024 3:16:31 PM




        (MENAFN- Mid-East) Damen, a leading electronic payment company and innovator in the field of digital

        transac ons, in collabora on with BKN301 Group, a leading digital payments and Banking-as-a-Service
        provider in the MENA region, officially launched new mobile applica on,“Damen Cash”.

























        In line with Egypt's Vision 2030, this collabora on aims to provide convenient and secure electronic
        payment solu ons that align with the goals of financial inclusion and Egypt's digital transforma on
        strategy, supported by robust digital infrastructure and legisla ve frameworks.


        'Damen Cash' aims to streamline and expedite financial transac ons while reducing the reliance on

        cash. It provides financial services and digital payments for all segments of society, including individuals
        with limited income and those residing in remote areas. By offering an easy and secure electronic
        payment method, Damen Cash enables users to access financial services more efficiently.


        Addi onally, the applica on enables users to pay monthly bills such as electricity, water, and landline

        bills, as well as university fees, installments, dona ons, mobile phone recharges, and track monthly
        payments. The introduc on of quick payment op ons and monthly payment monitoring further
        enhances the user experience.


        Expressing his excitement about the launch of 'Damen Cash,' Engineer Samah Al-Mallah, CEO of

        Damen, stated,“Through this applica on, we aim to provide our advanced electronic payment services
        in Egyp an governorates in an easy and flexible manner that meets the needs of Egyp an ci zens. We

        seek to contribute to the growth and development of the financial technology and electronic payment
        sectors in Egypt, while promo ng financial inclusion.”


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