Bahrain

Cashless Payments in Bahrain Hit US$3.62B in H1 2021

Cashless payments in Bahrain jumped to US$3.62 billion in H1 2021, according to the latest figures from the Central Bank of Bahrain (CBB). Over 53 million digital payment transactions were recorded in the country during the period. The boom in

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Finleap and Batelco Partner to Boost Open Banking in the MENA Region

European fintech ecosystem builder finleap entered into a strategic partnership with Bahraini telecoms company Batelco, according to an announcement earlier this week. The partnership is aimed at promoting open banking in the MENA region. Batelco recently became the first GCC-based

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Ajar Expands Its Proptech Platform to Bahrain

Rental collection platform Ajar has expanded its operations to Bahrain, according to a recent announcement. With a presence in Kuwait and the UAE, the company will now offer its property management and rent collection in the Kingdom of Bahrain. The

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National Bank of Bahrain Kickstarts Digital Banking Challenge

The National Bank of Bahrain (NBB) has partnered with Bahrain Fintech Bay to launch a Digital Banking Challenge, according to a statement. The challenge is aimed at bolstering the digital capabilities of Bahraini youth, and enabling them to explore emerging

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5 Fintech Initiatives to Follow in Bahrain

From a digital currency project, to a fintech innovation challenge, here’s what’s transpired for fintech in Bahrain during the year so far. Bahrain’s focus on the fintech sector is putting the country on the map as a hub for fintech

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ZurichPro Expands Digital Capabilities With 360F

Zurich International Life announced that it has expanded ZurichPro’s digital capabilities in partnership with Singapore-headquartered automated advisory fintech 360F.The move will especially service in-force policies, reviewing their sustainability with re-illustration functionalities. 360F’s modern pricing engine, built for the initial launch

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Bahrain Named World’s Most Financially Attractive City for 3rd Consecutive Year

Bahrain has topped the globally recognised AIRINC Global 150 Cities Index financial attractiveness ranking for the third straight year, which saw impressive rankings for MENA capitals, with seven leading MENA cities in the top 16 places. Aside from the capital

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NEC Payments Taps Netcetera’s 3DS 2.0 Solution for Enhanced Security

Bahrain-based payment services provider NEC Payments has selected Netcetera for its 3DS 2.0 solution, the latest in payment security protocols. NEC Payments is a rapidly growing digital banking and payment technology company that offers cloud-native banking-as-a-service in the Middle East.

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NEC Payments Joins Mastercard Fintech Express Programme as Global Partner

Mastercard has announced that NEC Payments, a payment services provider licensed and regulated by the Central Bank of Bahrain, is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The programme

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Bahrain’s Central Bank Analyses Banks’ Readiness for Open Banking

The Central Bank of Bahrain (CBB) published its commentary on the progress made by retail banks in Bahrain on implementation of the necessary infrastructure for compliance with Bahrain Open Banking Framework (Bahrain OBF). This was done following a grace period

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