Page 37 - BKN301 PR Report - April 2024

Damen & BKN301 Group launch “Damen Cash” mobile application to drive electronic payments and financial inclusion

Damen & BKN301 Group launch “Damen Cash” Mobile Applica on. Image Courtesy: BKN301 Group
FINANCIAL SERVICES
Damen & BKN301 Group launch “Damen Cash” mobile

application to drive electronic payments and financial

inclusion

In a strategic partnership to elevate the Egypt financial landscape

Press Release

April 3, 2024

The new applica on allows users to pay monthly bills such as electricity, water, and landline bills,

university fees, installments, dona ons, and mobile phone recharges.

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

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