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AFS - Arab Financial Services - Bahrain
bwallet ties up with Solidarity Bahrain
August 28, 2018
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Manama, Bahrain –28 August 2018 - In a first of its kind, Bahrain’s leading mobile wallet, bwallet, has tied up with Solidarity Bahrain B.S.C., one of the largest insurance companies in Bahrain and a subsidiary of Solidarity Group Holding, to allow its users to purchase insurance through their mobile. Solidarity is the first insurance company on board the bwallet ecosystem and it opens up an opportunity for bwallet customers to pay for their insurance cover securely, effortlessly, seamlessly and more importantly cashlessly at any of Solidarity offices in Bahrain. This is a big step in enabling mobile payments allowing purchase of consumer facing financial assets by bwallet.
bwallet is the first digital wallet to provide peer-to-peer money transfer and was launched earlier this year by AFS, the region’s leading FinTech enabler, in partnership with Batelco, Bahrain’s leading digital solutions provider. Customers can simply scan a QR code for seamless insurance transactions and enjoy secure cashless payments with exclusive benefits through their mobile phones.
 
CEO of FinTech Business, AFS, Mr. Shiraz Ali stated ‘It is a significant step forward as it marks the beginning of our journey into InsurTech by enabling our mobile payment product to transform user experience in the insurance sector.  This is in line with our commitment to offer multi sector, multi product and multi segment experience to our customers.  We are excited to enable digital mobile payment collection for Solidarity, our first partner in the insurance sector, and also our esteemed customers. 
 
Commenting on the new signing, Batelco CMO Abderrahmane Mounir said, “The collaboration with Solidarity is a welcome addition to the bwallet portfolio and meets our commitment to provide services that enrich and enhance consumers’ lifestyle and facilitates their daily transactions. We are confident that the availability of the new service will be a welcome benefit for the customers of all concerned.”
 
 “Mr. Jawad Mohamed, Solidarity Bahrain CEO, said: “Our partnership with bwallet aims at enabling our customers to experience contemporary payment methods while buying insurance services”. “This is part of our commitment to continually enhance our offerings and the overall customer experience”. “This is a step forward for us in leading the insurance industry’s innovative digital transformation and embracement of Fintech and Insurtech” he said.


Seated left to right:  Mr. Nandakumar Duraiswamy, CTO, Solidarity, Mr. Jawad Mohammed, CEO, Solidarity, Mr. B Chandrasekhar, CEO, AFS, Mr. Shiraz Ali, CEO - Fintech, AFS, with other officials from both organisations.