Egyptian fintech startup Banknbox has teamed up with Jordanian payments provider CSC Jordan. This partnership aims to drive financial inclusion and offer advanced services to their customers.
Banknbox was founded in 2022 by Bassem Mahmoud, and offers various services. These include ATM administration, transaction monitoring, POS, and soft-POS.
On the other hand, CSC Jordan, was established in 2004, and provides electronic payment and ATM management services.
The collaboration will integrate customer-facing systems from banks and financial institutions. This integration will then help link applications to provide distinctive regional services. The goal is to strengthen their position in the MENA fintech sector.
Banknbox and CSC Jordan aim to extend diverse banking solutions. They also plan to offer innovative payment services. Mahmoud believes CSC Jordan’s experience with banks and merchants makes it an ideal partner.
“This partnership enables collaboration in modern banking and payment technology. It benefits our mutual customers and helps tap into new markets,” Mahmoud stated.
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Expanding Regional Reach
Bassem Al Dweik, general manager of CSC Jordan, views this partnership as significant. He sees it as a step toward providing advanced banking services. The collaboration will enhance financial inclusion and meet growing regional customer needs.
Al Dweik emphasized the importance of integrating with Banknbox. This marks CSC Jordan’s first cooperation within the Egyptian market. He regards Egypt as one of the most promising markets in the region.
By combining their expertise, Banknbox and CSC Jordan will offer advanced and innovative financial services. This collaboration represents a strategic move to meet customer needs and explore new markets.