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BKN301 Launches New Payment Solution ‘301 Retail Account’ to Empower EMEA Region’s Financial Landscape
BKN301 Group, a London-based leading digital payments and Banking-as-a-Service (BaaS) provider with a focus in the EMEA region, unveiled its latest innovative payment solution, ‘301 Retail Account.’ The solution is a payment account that will support the rapidly evolving financial landscape and will cater to the unique needs of traditional banks, fintech companies, and neobanks.
The new launch is in line with the company’s recently announced strategic vision aimed at delivering cutting-edge fintech solutions that positively impact the region’s financial market. With its user-friendly interface, unparalleled security, convenience, flexibility, comprehensive features, and robust compliance measures, the ‘301 Retail Account’ is tailored to meet the specific financial needs of the global markets, allowing fintech companies, banks and neobanks to enhance their service offerings.
According to Statista, in Europe the total transaction value in the Digital Payments market is projected to reach US$2,194.00bn in 2024. Total transaction value is expected to show an annual growth rate of 8.81% resulting in a projected total amount of US$3,076.00bn by 2028.
The market’s largest market is Digital Commerce with a projected total transaction value of US$1,489.00bn in 2024.
From a global comparison perspective it is shown that the highest cumulated transaction value is reached in China (US$3,744.00bn in 2024).
Stiven Muccioli, Founder & CEO of BKN301 said: “When we established BKN301, our vision was clear: It’s not just about making money; it’s about building a better life for ourself and others. In this journey, we have developed numerous solutions, and today, we are proud to see our innovations empowering companies worldwide. We are excited to introduce our latest advancement, the 301 Retail Account, to the market. It is designed specifically for the B2B2C sector, offering our partners the requisite tools to succeed in today’s competitive financial landscape.”
The ‘301 Retail Account’ distinguishes itself with an easy and simple onboarding process that incorporates comprehensive KYC and AML protocols, ensuring that business can get started quickly and securely. The account offers and manages – customisable debit cards, personalised spending limits, and euro-based accounts – through an easy-to-use, intuitive dashboard that utilises e-signatures and streamlines financial management. The ‘301 Retail Account’ can be easily integrated into the current product environment with its flexible integration options, such as white-label solutions for desktop, mobile, and API. This allows partners to maintain their branding while harnessing the power of BKN301’s cutting-edge technology.
Mahesh Paolini-Subramanya, CTO of BKN301 said: “The white-label payment solution offered by the 301 Retail Account serves as a key component of our BKN301 BaaS Orchestrator. It complements our comprehensive Banking-as-a-Service platform, further streamlining the process of managing accounts for our clients through our user-friendly APIs and customisable account options.”
The introduction of ‘301 Retail Account’ is a testament to BKN301’s commitment to innovation and customer-centricity. By offering flexible, secure, and user-friendly payment solutions, BKN301 is reshaping the financial landscape.
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