Banknbox Reports 600% Growth in H1 2025, Strengthens Position as MENA’s Fastest-Growing BaaS Provider
Banknbox, the leading unified Banking-as-a-Service (BaaS) platform in the MENA region, has announced a remarkable 600% growth during the first half of 2025. The announcement was made by Bassem Mahmoud, CEO of Banknbox, underscoring the platform’s accelerating regional expansion and rising demand for agile digital financial solutions.
The company’s robust performance reflects growing adoption of its BaaS model across the region, in line with Egypt’s financial inclusion agenda and Vision 2030. The surge in growth also coincides with Banknbox’s strategic entry into the Qatari market and the establishment of a thriving network of partnerships with 18 banks and fintechs in seven countries, offering over 29 integrated digital services in its initial rollout.
Supported by the ongoing trust and regulatory support of the Central Bank of Egypt (CBE), Banknbox continues to offer flexible, scalable, and infrastructure-light solutions, empowering financial institutions and startups to launch digital banking services rapidly and cost-effectively.
At the heart of this transformation is CoreLINK, Banknbox’s unified infrastructure platform designed to securely connect institutions with advanced financial services. Core offerings include:
Acquiring-as-a-Service: Featuring SoftPOS, digital POS, and online merchant payment gateways.
Card Issuing & Processing: Enabling debit, credit, and prepaid card services across regional markets.
Compliance & Regulatory Integration: Operating within a secure, licensed framework aligned with CBE and regional regulations.
Commenting on the milestone, Bassem Mahmoud said:
> “We are proud of the strong momentum achieved in the first half of 2025. This exceptional growth reflects the trust of our partners and our commitment to driving digital transformation across the financial ecosystem in the region.”
Banknbox continues to position itself as a cornerstone of digital financial infrastructure in MENA, helping to drive financial inclusion, support fintech innovation, and enable scalable banking services for a new generation of users and institutions.