Damen, a pioneer in digital funds, along with BKN301 Group, a frontrunner in digital funds and Banking-as-a-Service inside the MENA area, have proudly unveiled their newest innovation, the “Damen Money” cellular app.
Aligned with Egypt’s Imaginative and prescient 2030, this partnership is devoted to delivering safe and user-friendly e-payment options that assist the nation’s monetary inclusion goals and digital transformation ambitions, backed by a stable digital infrastructure and authorized frameworks.
“Damen Money” is designed to simplify and speed up monetary transactions, diminishing the dependence on bodily foreign money. The service caters to all societal segments, together with low-income people and people in distant locales, providing an easy and safe technique for digital funds, thereby granting extra environment friendly entry to monetary providers.
The app additionally permits for the handy cost of recurring payments, resembling utilities, telecommunications, and academic charges, along with facilitating instalments, charitable contributions, cellular top-ups, and the flexibility to watch these transactions month-to-month. The mixing of swift cost options and transaction monitoring considerably improves the shopper expertise.
Sameh Al-Mallah, CEO of Damen, expressed enthusiasm for the launch: “With ‘Damen Money,’ we’re excited to increase our subtle e-payment providers throughout Egyptian governorates, offering an answer that’s each accessible and adaptable to the wants of our residents. Our purpose is to drive progress in Egypt’s fintech and e-payment panorama whereas championing the reason for monetary inclusion.”
Stiven Muccioli, Founder & CEO of BKN301 Group, remarked: “Our partnership with Damen, a distinguished entity within the sector, signifies an amazing development alternative for our monetary and cost service applied sciences within the MENA area. This enterprise represents a key step ahead in our mission to rework Egypt’s predominantly cash-based cost ecosystem, particularly in its most remoted areas.”
By its state-of-the-art fintech choices, the corporate presents progressive cost options to companies throughout MENA, characterised by minimal charges and an distinctive consumer expertise.
