BKN301 brings BaaS and digital payment offering to Egypt

By Delisha Fernandes

BKN301, a payment and Banking-as-a-Service (BaaS) provider, has expanded its operations into Egypt by opening a new office in Cairo. The company aims to transform MENA’s financial markets by introducing advanced banking and digital payment solutions.

The company states the future of banking and digital payments in Egypt is bright, and it is excited to be part of this transformation. BKN301’s comprehensive payment system integrates with existing infrastructure and data flows, allowing B2B clients to enhance their ecosystems with FinTech solutions. Doing so improves end-user experiences and drives monetisation for BKN301’s valued partners.

Stiven Muccioli, Founder and CEO of BKN301, said,” Thrilled to announce the grand opening of our new office in Cairo! This marks a significant step forward in our mission to enhance financial inclusion. With Egypt’s remarkable fintech potential, driven by a population of 100+ million people, 34% of whom are unbanked, the opportunities are immense.”

Muccioli added, “BKN301 is committed to leveraging local talents and technologies to make a profound and lasting impact. By bringing our innovative solutions to Egypt, we aim to bridge the gap in financial services and foster a more inclusive economic environment.”

BKN301 recently opened doors in Qatar and now expanding further to serve as the main hub for the company’s operations in North Africa and the Levant Region. It provides services such as Banking-as-a-Service, Payments-as-a-Service, card issuing and digital wallets with a B2B2C business model.