Tagged: bahrain

Bahrain: Labour Fund Partners with Safaghat to Support mSMEs through Crowdfunding

Bahrain’s Labour Fund (Tamkeen) has recently partnered with Safaghat, a crowdfunding investment platform licensed by the Central Bank of Bahrain, to offer alternative financing options to micro, small, and medium-sized enterprises (mSMEs) in the country. This strategic collaboration aims to empower Bahraini enterprises, particularly those… Read More

Tarabut, MENA’s Open Banking Fintech, Partners with FLOOSS, a Bahrain-based Digital Lending Platform

Tarabut, MENA’s leading open banking platform, has announced a new partnership with FLOOSS, a Bahrain-based digital lending platform. FLOOSS is reportedly the “first” and fastest digital loan app in Bahrain “offering consumer loans of up to BHD 750 with a repayment period of up to… Read More

Mastercard, Bahrain Institute of Banking and Finance to Spur Skill Development in Regional Financial Sector

Mastercard (NYSE: MA) and Bahrain Institute of Banking & Finance collaborate “to spur skill development in the regional financial sector” Described as a “first-of-its-kind” collaboration, Mastercard and the Bahrain Institute of Banking & Finance will aim to “initiate a renewed understanding of the latest industry… Read More

UAE’s B2B Fintech FOO, Infinios to Enhance CX via Payment Solutions

FOO, a B2B fintech solutions provider headquartered in the UAE, has partnered with the Bahrain-based payment services provider and card processor, Infinios Financial Services B.S.C (C). By combining their technology and expertise, the two companies “will deliver an out-of-the-box Digital First Card Issuance Platform.” The… Read More

EazyPay, JCB International to Enable JCB Payment Acceptance at POS, E-Commerce Merchants in Bahrain

The Eazy Financial Services B.S.C (EazyPay) and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s “only” international payment brand, have signed an agreement “to enable JCB payment acceptance at the bank’s POS and e-commerce merchants in the Kingdom of Bahrain.”… Read More

Mastercard, Bankiom to Issue Virtual Prepaid Cards Across GCC Region

Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More

Bahrain: Central Bank Issues Regulatory Framework for Digital Tokens, Supporting Crypto-Assets Market

The Central Bank of Bahrain has issued amendments to its Crypto-assets (“CRA”) Module in March 2023, “following a consultation process with the industry stakeholders.” The amendments aim “to cater to the ongoing developments in the crypto-assets markets and comply with the industry best practices while… Read More

VMware Cloud on Amazon Web Services (AWS) Launches in Bahrain

VMware recently announced VMware Cloud on AWS is now available in Bahrain. The service, which launched on February 28 in the AWS Middle East (Bahrain) region, will help customers in Bahrain “move their workloads across VMware cloud environments with optimized access to AWS services, supporting… Read More

Financial Services Provider XS.com Joins Fintech Summit in Bahrain as Strategic Partner

XS.com, the multinational global Fintech and financial services provider, has announced that it will be the Global Partner of “the first ever Fintech and crypto exhibition of its kind held in the Kingdom of Bahrain.” The Fintech and Crypto Summit is “organized by Smart Vision… Read More

Mastercard, EazyPay to Enhance Online Checkout Experience

Mastercard (NYSE: MA), a technology firm focused on the global payments industry, has partnered with Bahrain’s fintech and payment service provider Eazy Financial Services (EazyPay) that will now be powered by Mastercard Payment Gateway Services (MPGS). MPGS is a trusted platform that “provides financial institutions… Read More

Bahrain based Fintech IPS Extends its Collaboration with BPC

Payment solutions provider BPC has extended its collaboration with Bahrain-based International Payment Services B.S.C (IPS), a third party payments processing and payments firm. As part of the agreement, BPC will allow IPS “to extend the use of its open system e-payment platform ‘SmartVista’.” Headquartered in… Read More

Bahrain: Spare, Eazy Financial Services to Introduce Open Banking Capabilities

Spare, an open banking platform licensed by the Central Bank of Bahrain, has announced its partnership with Eazy Financial Services, a Bahraini Payment Services Provider that is focused on “specializing in POS and online payment gateway acquiring solutions to embrace opportunities in Open Banking.” The… Read More

Fintech Galaxy Obtains License from Central Bank of Bahrain to Operate Open Finance Platform

Fintech Galaxy, which claims to be the “industry-leading” financial innovation company, has become the first central bank regulated Open Finance platform in the MENA region “after receiving a license from the Central Bank of Bahrain (CBB), allowing the firm to operate as a regulated Third-Party… Read More

OpenNode to Test Bitcoin (BTC) Payments in Bahrain

As the first of several other planned announcements to come from the region, OpenNode intends to test a bitcoin payment processing and payouts solution via the Central Bank of Bahrain (CBB’s) Regulatory Sandbox. Bitcoin payments had “been non-existent in the island nation until now, which… Read More

MENA’s Tarabut Gateway, an Open Banking Platform, Announces Senior Appointments

Tarabut Gateway, which claims to be the largest Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, announced (earlier this week) two new appointments to its senior executive team, Nino Ocampo and Adnan Erriade. Nino joins as… Read More

CoinMENA Obtains Provisional License from Dubai’s Virtual Asset Regulatory Authority

Dina Sam’an, the Founder and Managing Director of CoinMENA, notes that she’s very excited to share that CoinMENA has obtained a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA). Sam’an adds that regulatory compliance has been a “top priority” for CoinMENA from day one…. Read More

MENA Region’s Open Banking Platform Tarabut Gateway Announces New Partnerships in Saudi Arabia

Tarabut Gateway, which claims to be the largest Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, recently announced four new key banking partnerships in KSA. As part of its expansion in Saudi Arabia, and the developments… Read More

DIFC-based Tarabut Gateway Now a Regulated Open Banking Platform in UAE

Tarabut Gateway has reportedly been granted a license by Dubai Financial Services Authority (DFSA) to offer money services in and from Dubai International Financial Centre (DIFC). DFSA is the independent regulator of financial services in DIFC, which claims to be “the leading global financial center”… Read More

Binance Gains Crypto Asset Service Provider License in Bahrain

Binance has received a crypto asset license from the Central Bank of Bahrain (CBB), according to the crypto exchange. This is Binance’s first digital asset-specific license. The company said approval by the CBB demonstrated its commitment to being in regulatory compliance as the first of… Read More

Fintech Ecosystem in Bahrain has Matured on Many Fronts: Report

The Fintech ecosystem in Bahrain has matured “on many fronts,” according to a new report. As noted in the update, new developments from government, corporate, and investment stakeholders have “created a more conducive environment for local and international startups to grow and scale from the… Read More

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