The Cairo-based fintech firm Banknbox has entered into a strategic partnership with CSC Jordan, a prominent electronic payments provider. This collaboration is designed to boost financial inclusion and extend advanced services to clients in the Middle East and North Africa (MENA) region.
Launched in 2022 by Bassem Mahmoud, Banknbox offers digital banking and payment services, featuring ATM administration, transaction monitoring, and point-of-sale (POS) systems. Its collaborator, CSC Jordan, has been a significant entity in the Jordanian market since 2004, with a focus on electronic payments and ATM management.
The partnership between the two companies aims to merge their customer-facing systems and connect applications among banks and financial institutions, providing unique regional services. This integration is anticipated to enhance their joint position in the MENA fintech market.
“CSC Jordan, with its extensive experience serving many banks and providing direct services to merchants and customers, is an ideal partner for Banknbox. This partnership will enable collaboration in providing modern banking and payments technology to our mutual customers while tapping into new markets,” stated Bassem Mahmoud, CEO of Banknbox.
Commenting on the collaboration, Bassem Al Dweik, General Manager of CSC Jordan, remarked, “The integration between Banknbox marks CSC Jordan’s first cooperation within the Egyptian market, which we truly value as one of the most promising markets in our region.”
This partnership marks an important step in our mutual goal to provide cutting-edge banking services and improve financial inclusion, meeting the increasing demands of customers throughout the region,. added Al Dweik.
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