AFS partners with Boloro to offer the first Near Field Communication (NFC) based Mobile Payments in Bahrain
Arab Financial Services (AFS), the leading payment services provider in the MENA region, has partnered with Boloro to launch NFC based mobile payments solution in Bahrain. Boloro is a US-based company with a globally-patented mobile authentication platform, distributed through its regional partner, Boloro MENA.
NFC stands for Near Field Communication and the newly launched mobile payments solution allows customers to pay at the participating merchants using the NFC tag linked to their mobile phone numbers.
Announcing the partnership, AFS Chief Executive Officer, B Chandrasekhar, said, “AFS has always stayed ahead of the innovation curve in the payment industry of the region. Over the last few years, we have launched several new value added products for our customers and are pleased to introduce Bahrain’s first NFC mobile payments in partnership with Boloro”.
Boloro MENA CEO Khaldoun Bazzari said, “Boloro has developed a unique, patented, handset neutral, multifactor authentication technology that offers users the ability to securely transact using any kind of mobile phone and account. We are proud to partner with AFS to expand Boloro’s NFC mobile payment solution in Bahrain. With this new method of payments, we aim to provide a fast, secure and easy mobile payment solution serving all categories in the market, including retail, transportation, utility payments and e-commerce.”
Shiraz Ali, AFS Head of Frictionless Payments at AFS explained, “NFC enabled payments are available in the region through contactless cards but we offer customers the enhanced convenience to make payments using their mobile phones without the need to carry anything else. The service can be utilized using both the smart and feature phones at participating merchant outlets.
Aspiring merchants who would like to become a part of the growing network can contact AFS at +973 32220505, +973 17299718 MobilePayments@afs.com.bh