Introduction
Cairo-based digital banking and payment services platform, Banknbox, has entered into a strategic cooperation agreement with CSC Jordan, a pioneering payments provider with over 20 years of experience in the Kingdom. This collaboration is set to enhance financial inclusion and offer advanced services to customers of both companies through a range of innovative banking solutions and payment services.
Expanding Financial Inclusion
The primary goal of this partnership is to bolster financial inclusion across the MENA region. By combining their expertise, Banknbox and CSC Jordan aim to provide a suite of diverse banking solutions and innovative payment services. This collaboration will cater to the needs of a broader customer base, ensuring that more individuals and businesses have access to modern financial services.
Seamless Regional Services
Banknbox and CSC Jordan will integrate their customer-facing systems from banks and financial institutions. This integration will enable the linking of applications to offer distinctive regional services, enhancing the overall customer experience. The strategic partnership seeks to strengthen both companies' positions in the MENA fintech sector.
Commitment to Innovation
Bassem Mahmoud, CEO of Banknbox, expressed his enthusiasm for the partnership with CSC Jordan. He highlighted CSC Jordan's extensive experience in serving banks and providing direct services to merchants and customers, making them 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,” Mahmoud stated.
Shared Vision for Advanced Services
Bassem Al Dweik, General Manager of CSC Jordan, shared his excitement for the collaboration, noting its significance in achieving their mutual vision of providing advanced banking services. Al Dweik emphasized that the integration with Banknbox marks CSC Jordan's first cooperation within the Egyptian market, which they view as a promising opportunity. “This partnership represents an important step towards enhancing financial inclusion and meeting the growing needs of customers regionally,” he added.
Entering the Egyptian Market
The partnership between Banknbox and CSC Jordan signifies CSC Jordan's entry into the Egyptian market, one of the most promising markets in the region. This move is expected to drive significant growth and innovation in the fintech sector, offering enhanced financial services to a wider audience.
