Page 47 - BKN301 PR Report - April 2024
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Damen & BKN301 Group launch “Damen Cash” Mobile Application to drive electronic payments and financial inclusion | UAE …
                              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.


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                              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. h p://www.bkn301.com


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