Fintech
Banknbox, Backed by CBE, Expands Fintech Partnerships to 8 Countries in 2024
– Banknbox Egypt expands partnerships with banks and fintech companies in eight countries in the first half of 2024, aiming to consolidate its position as a regional financial services hub, capitalizing on Egypt’s growing fintech sector.
– Supported by the Central Bank of Egypt (CBE), Banknbox collaborates with leading companies and financial institutions in diverse markets such as Iraq, Libya, Bangladesh, Moldova, Qatar and several African countries, offering a range of services through its digital platform in Egypt .
– Bassem Mahmoud, President and CEO of Banknbox, highlights the importance of meticulous market analysis and tailored service offerings in global expansion, emphasizing partnerships with local agents and international institutions for successful service delivery in new markets.
Banknbox Egypt, a digital services and payments technology provider, has entered into strategic partnerships with banks and fintech companies in eight countries in the first half of 2024, according to media reports.
This expansion aims to consolidate Banknbox’s position as a regional hub for financial and banking services, leveraging Egypt’s thriving fintech sector.
Supported by the Central Bank of Egypt (CBE), Banknbox has partnered with leading companies and financial institutions in various markets, including Iraq, Libya, Bangladesh, Moldova, Qatar and several African countries.
These alliances are aimed at offering a wide range of services through Banknbox’s digital platform in Egypt.
Bassem Mahmoud, President and CEO of Banks boxrecognized the complexities of global expansion, highlighting the importance of in-depth market analysis and customized service offerings.
He highlighted the importance of partnerships with local agents and international institutions in ensuring the successful delivery of integrated services in each new market. Mahmoud highlighted Egypt’s recent regulatory progress for fintech companies, which is in line with Banknbox’s vision of transforming Egypt into a regional hub.
He highlighted Banknbox’s substantial investments in developing innovative services, adhering to international security standards and establishing exclusive partnerships with global entities to provide comprehensive technical support and tailor-made solutions.
While prioritizing regional expansion, Banknbox recognizes Egypt as a crucial market due to its rapid growth and the innovative capabilities of its banks and fintech companies.
Recent partnerships with local authorities have facilitated the provision of improved integrated services, including advanced card issuing and management solutions that meet international security standards.
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