Damen and BKN301 Group Launch Damen Cash App
The app introduces quick payment options and monthly payment tracking features.
Egypt-based e-payments firm Damen has partnered with BKN301 Group, a digital payments and banking-as-a-service provider in the MENA region, to launch the Damen Cash mobile application.[1]
Damen Cash is designed to cater to diverse segments of society, including those with limited income and residing in remote areas. It facilitates a range of financial services, from bill payments to donations.
The app introduces quick payment options and monthly payment tracking features.
Damen plans to expand the application's adoption, improving the user interface and experience, and collaborating with financial institutions and government entities to widen financial operations.
Damen, established in 2018, offers over 600 electronic payment and collection services through its network of branches.
Meanwhile, BKN301 Group, operational since 2021, offers solutions in account management, issuing, acquiring, and cross-border transactions.
The group has offices in Cairo, Tbilisi, Doha, and Milan.