BKN301, a payment and Banking-as-a-Service providers in the MENA region, expanded its operations into Egypt with a new office in Cairo aimed at transforming the country’s financial markets. The new office has been launched to present the company’s advanced banking and digital payments solutions to the country.
The latest expansion move is highly strategic and in line with Egypt’s Vision 2030, which envisions government initiatives designed to boost financial inclusion across all segments of the society, as well as the country’s geographic location, which enables access to all of North African markets.
With a dedicated office in Cairo, BKN301 reinforces its position as an open-market and cross-border operator in the Open Banking and Digital Payments sector in the MENA region, offering a comprehensive payment system, which seamlessly integrates with existing infrastructure and data.
In addition to strengthening its presence in the MENA region, the company has appointed Mahesh Paolini-Subramanya as its new Chief Technology Officer, CTO to lead the development of the BKN301 platform and solutions.
With his proven track record of working with startups and innovative companies, Mahesh Paolini-Subramanya joins BKN301 Group after serving for few years as CTO at Klar, a digital financial services platform that provides a transparent, free, and secure alternative to traditional banking services in Mexico.
Prior to that, he was CTO at BlockFi, a platform providing comprehensive banking products such as payments, wealth management, credit, and cryptocurrency accounts to over 500,000 customers and with over USD 15 billion in AUM.
Additionally, he has held executive roles with innovative companies such as Ubiquiti Networks, Factom and Vocalocity, now Vonage Business. Mahesh Paolini-Subramanya has been recognised as one of the Top 25 Financial Technology CTOs of 2022.
BKN301’s latest expansion move comes after its opening in Qatar in September of last year and its partnership with Damen, an electronic payment solutions company in Egypt, which offers 500+ financial payment services, including paying for flight reservations, utility bills, loan instalments, transferring money, and others.
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