Banknbox CEO and Managing Director Basem Mahmoud said the company chose to establish its regional HQ in Egypt after evaluating other options in the region. The decision matches banks’ and financial institutions’ desire for new products and services to satisfy customers and promote digital transformation. The solutions include mobile banking apps, internet banking, e-wallets, e-KYC, AI like Chatbot and Open Banking APIs, automated branch and communications tech. Banknbox also provides card issuance and processing across card types, real-time card personalization, ATM management, POS and SoftPOS transaction acceptance, a White Label payment gateway, and more. The Central Bank of Egypt (CBE) has made the financial technology sector one of the main pillars it relies upon in the development of the banking and financial sector in Egypt.

Source: The North Africa Journal July 31, 2023 13:37 UTC