BKN301 Partners with CWallet to Expand Fintech Presence in Qatar

BKN301 Partners with CWallet to Expand Fintech Presence in Qatar

By Staff Writer, 27 November 2023

In a bid to fortify its position in high-growth markets, particularly in the Middle East, BKN301 Group, a Fintech company specializing in Innovative Payments and Banking-as-a-Service solutions, is making significant strides in Qatar.

The company inaugurated a new branch in Qatar last July, aimed at enhancing its services in the Mena region.

As part of its expansion strategy and recognizing the increasing interest in innovative payment solutions, BKN301 has entered into a strategic partnership with CWallet, an award-winning Fintech startup holding a Payment Service Provider (PSP) license from the Qatar Central Bank.

CWallet is dedicated to providing financial freedom and inclusion to a growing customer base.

Under this partnership, BKN301 will provide CWallet with an advanced platform, enhancing customer experience, bolstering security, and adapting to the evolving needs of the clientele.

CWallet, at its core, focuses on developing remittance platforms, facilitating digital cross-border money transfers.

The collaboration with BKN301 marks a significant advancement in the suite of products offered by CWallet.

Clients will now have the capability to monitor, manage, and receive payments through an innovative gateway seamlessly integrated with CWallet's solutions.

The integration of 301pay, BKN301’s payment gateway white-label model, into CWallet will not only support e-commerce development but also enable mobile payments in physical stores.

This integration brings substantial benefits to Qatari merchants affiliated with CWallet.

Stiven Muccioli, Founder & CEO of BKN301, expressed, "This partnership with CWallet represents a crucial step in our expansion in Qatar, showcasing the power and adaptability of our modular solutions. Our mission has always been to break down barriers and accelerate the adoption of digital payments and innovative financial solutions in high-growth markets."

Michael Javier, Founder and CEO of CWallet, added, "In BKN301, we have found a strategic partner capable of providing a cutting-edge solution that improves the experience for clients and merchants, ensuring the highest security and ease of use. Through this partnership, we are committed to enhancing financial well-being and inclusion for many people, enabling users to borrow, save, earn, and invest for their future."

Jordan A Fabbri, Country Leader BKN301 Qatar, emphasized, "Together with CWallet, we are shaping the future of payment services in Qatar. Through our strategic partnership, we’re unlocking doors to advanced payment solutions, bringing a wave of innovation and international convenience."

Source: TradeArabia

Related Report

future of fintech in MENA

Shaping The Future of Fintech

In this report, we take a look at the attractiveness of each of the 19 MENA countries in terms of fintech and identify the top 5 hot spots for fintech activity in the region today.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems