Batelco, AFS Sign MOU for Mobile Wallet Solution
Last week, Batelco, Bahrain’s leading digital solutions provider and AFS, the region’s leading payment services provider signed an MOU to roll-out a state-of-the art mobile wallet solution in Bahrain. AFS Chairman Sael Al-Waary and Batelco Bahrain CEO Muna Al-Hashemi, signed the MoU at the Batelco headquarters in Hamala.
The innovative solution will help accelerate Bahrain’s journey towards a cashless digital society with added security for both consumers and merchants. It will include a full range of integrated features such as person-to-person money transfers and loyalty points linked to major brands.
The mobile wallet will utilize the latest Quick Response (QR) technology and will have near field communication (NFC) capability, allowing customers to tap and pay at participating outlets. The full solution will be rolled out in phases over the next several months.
Following the signing, Al Hashemi said, “We are very excited to partner with AFS to launch the mobile wallet solution in Bahrain. This will enhance the lifestyles of customers by providing a convenient cashless, secure and agile payment method.”
Mr. Al Waary said that AFS is proud to partner with Batelco to launch the mobile wallet demonstrating Bahrain’s leading position in the mobile payment solutions in the GCC. “This is a complement to AFS’s suite of digital products and reach as a Fintech enabler in the region. It is another step to promoting cashless payments and financial inclusion putting Bahrain at the forefront of the Fintech revolution.”