Banknbox, a leading provider of digital banking and payment solutions, has signed
a groundbreaking strategic partnership with ASD Smart, a Sudanese company specializing
in digital and smart solutions The collaboration is set to play a pivotal role in transforming
Sudan’s financial sector, aligning with the rapid global shift toward digitalization
Building an Advanced Digital Payment Infrastructure in Sudan
The partnership focuses on developing and operating cutting-edge digital systems
and platforms for Sudanese banks, with a key objective being the establishment of
an instant payment infrastructure This infrastructure will be built in accordance with
the latest international technical standards, ensuring that Sudan’s financial sector
remains competitive and future-ready As the Sudanese market faces significant
challenges in accessing traditional banking services, this collaboration comes at a
crucial time With many individuals currently unable to access conventional banking
channels, financial inclusion has become a national priority for driving economic growth
and stimulating both commercial and investment activities
Key Players in the Partnership
The collaboration brings together two industry leaders
Banknbox A regional leader in digital banking and payment technology platforms
known for its expertise in financial systems engineering and scalable infrastructure
that meets global standards ASD Smart A Sudanese company with extensive experience
in digital solutions, boasting a strong network within the Sudanese banking ecosystem
ASD Smart has established ongoing collaborations with several banks and has made
significant progress in obtaining licenses for a central financial switch
ASD Smart’s leadership team brings over 60 years of accumulated experience in Sudan’s
banking sector, including high-level management roles in major commercial banks
This ensures that the partnership adheres to governance, compliance, and regulatory
requirements while enabling scalable technical implementations
A Unified Payment Platform for Sudanese Banks
Under this strategic agreement, Banknbox and ASD Smart will collaborate to develop
a unified payment platform designed to connect Sudanese banks through a centrally
licensed transaction switch approved by the Central Bank of Sudan This new platform
will facilitate real-time interbank transfers, ensuring secure, efficient, and instant
financial transactions In addition to enabling instant payments, the platform will
also provide a comprehensive payment acceptance and settlement ecosystem
supporting various channels, such as
Mobile applications
Point-of-sale (POS) systems
E-commerce platforms
Online payment services
The initiative will contribute to reducing reliance on cash transactions, enhancing the
transparency of financial dealings, and ensuring that the system remains compliant with
regulatory standards It will also provide the necessary scalability to meet future demands
Fast-Tracking Digital Transformation in Sudan’s Banking Sector
ASD Smart aims to connect several Sudanese banks to the new platform before the
end of the year The project is expected to follow a structured implementation timeline
that prioritizes operational stability, compliance, and a rapid digital transformation in the
banking sector By leveraging existing market relationships and licensing achievements
the project rollout will be faster and more efficient than traditional greenfield implementations
Expanding Financial Access in Underserved Areas
Beyond instant payments, the partnership will support the creation of a comprehensive
digital infrastructure, designed to provide diverse payment solutions that extend to
underserved areas This will help increase financial access, especially in regions lacking
traditional bank branches By broadening financial services availability, this collaboration
plays a critical role in improving financial inclusion, which is essential for fostering economic
growth and raising living standards
Driving Economic Growth and Enhancing Financial Inclusion
Engineer Bassem Mahmoud, CEO of Banknbox, expressed his excitement about the partnership
calling it a significant step toward building a modern digital financial ecosystem in Sudan
He emphasized that the initiative will expedite Sudan’s digital transformation, enhance instant
payment services, and ultimately improve the overall efficiency of the banking system
Dr. Asjad Al Kazim, CEO of ASD Smart, also praised the collaboration, highlighting Banknbox’s
expertise in digital payment platform development She noted that the partnership is a strong
model of integration between technical capabilities, operational expertise, and deep market
knowledge The combination of Banknbox’s technical acumen and ASD Smart’s local market
understanding is poised to significantly enhance Sudan’s banking infrastructure
A Vision for a Digitally Empowered Sudan
This strategic collaboration marks a turning point for Sudan’s financial sector, with
both companies committed to accelerating digitalization and making financial services
more accessible to all The partnership represents a crucial step towards empowering Sudan’s
population with modern, efficient, and secure financial solutions Banknbox and ASD Smart aim
to not only address the immediate challenges of financial inclusion but also lay the groundwork
for long-term economic development through the integration of digital financial services
A New Era for Sudan’s Banking and Payment Systems
The partnership between Banknbox and ASD Smart signals the beginning of a new
era for Sudan’s banking industry By developing instant payment systems and digital
payment infrastructure, the companies are poised to create a more inclusive financial
system, improve operational efficiency, and support the country’s ongoing economic development