Banknbox has announced an exclusive partnership with MineSec to introduce advanced SoftPOS mPOC-certified solutions in Egypt and across global markets. This collaboration aims to redefine digital acquiring by enabling secure, cost-effective, and flexible payment processing for financial institutions and their customers.
Key Features of the Partnership
End-to-End SoftPOS Solution
The partnership integrates MineSec’s PCI CPOC/MPOC-certified SDK technology into Banknbox’s platform, providing:
Secure Payment Processing: Adhering to the highest global security standards.
Wide Accessibility: Over 500,000 merchants in Egypt can leverage mobile devices for payment acceptance by 2025.
Global Reach: Solutions tailored for financial institutions and customers across Europe, the Middle East, and Africa.
Cost-Effective and Scalable Solutions
The technology offers a flexible alternative for merchants, eliminating the need for traditional POS terminals and advancing financial inclusion in alignment with the Central Bank of Egypt’s vision.
Statements from Leadership Bassem Mahmoud CEO of Banknbox
“This strategic partnership with MineSec reflects our dedication to enhancing digital payment solutions. By introducing innovative SoftPOS technology, we’re empowering merchants and financial institutions to meet the demands of an evolving market while promoting financial inclusion in Egypt.”
Angus Chiu, CEO of MineSec
“Our partnership with Banknbox marks a significant milestone in transforming mobile payments in the region. Together, we’re delivering secure and seamless payment experiences for businesses of all sizes.”
Impact and Future Plans Revolutionizing Mobile Payments
The integration of SoftPOS technology provides a streamlined and secure way for businesses to process payments, regardless of their size or location.
By 2025, more than 500,000 merchants in Egypt are expected to adopt this solution, driving economic growth and financial inclusion.
Global Collaboration
With operations spanning three continents, the partnership highlights the global potential of SoftPOS technology, solidifying Banknbox and MineSec as leaders in digital payment transformation.
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