Page 39 - BKN301 PR Report - April 2024

Damen & BKN301 Group launch “Damen Cash” mobile application to drive electronic payments and financial inclusion
Addi onally, Damen will focus on developing new features and regular updates to meet user needs and market
requirements.

The collabora on between both the leading companies is set to transform the Egyp an fintech landscape.

About Damen

Damen is a leading electronic payment company established in 2018 with the aim of providing electronic
payment solu ons for individuals, ins tu ons, and financial services as part of the Egyp an government's

financial inclusion ini a ves. Drawing on the exper se and support of its parent company, Smart Digital
Services, a leading technology solu ons provider, executed projects such as managing the distribu on of
subsidized goods and bread to approximately 20 million ci zen daily using smart cards. With over 23 branches

across Egypt, Damen offers over 600 electronic payment and collec on services, including dona ons to
ins tu ons and chari es, electricity and gas card, mobile and landline bills payments. It serves a network of over
100,000 merchants across all Egyp an governorates.

About BKN301

The BKN301 Group offers solu ons for account management, issuing, acquiring, and cross-border, re-designing
the Banking-as-a-Service and payments approach. As a regulated en ty, it provides licenses and technology,

with a strong focus on Europe and fast-growing markets, while also fostering connec vity between them.
BKN301 BaaS Orchestrator integrates core banking and payment processing services with a single technology
entry point. It combines efficiency and effec veness, offering clients the freedom to choose their preferred

services, with the adaptability of a Contract-as-a-Service model. With cloud-based developer-friendly APIs and
blockchain technology, it enables scalability across different countries and regulatory environments. BKN301
BaaS Orchestrator is an ideal solu on for financial ins tu ons and fintechs. Based in London, and opera onal
since 2021, BKN301 Group operates in EMEA with offices in Cairo, Tbilisi, Doha, and Milan. The global presence
mirrors the commitment to revolu onizing financial landscapes worldwide. www.bkn301.com

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