Notice: Undefined index: Unknown in /var/www/html/afs.com.bh/htdocs/library/shared.php on line 183
AFS - Arab Financial Services - Bahrain
Al Zayani Investments Launches bwallet Payments
August 14, 2019
BACK TO ALL NEWS
14 August 2019 - Manama, Kingdom of Bahrain

bwallet has signed up with yet another partner, Al Zayani Investments Group B.S.C, to enable cashless payments at all of: Euro Motors, First Motors, Zayani Motors, Zayani Leasing and Bodyworks. bwallet customers can now enjoy cashless payments for a host of services including vehicle down payments, car servicing and purchase of automobile parts.

bwallet, the Kingdom of Bahrain’s leading, consumer-friendly digital mobile wallet and the first of its kind to provide peer-to-peer money transfer, was launched in 2018 by Arab Financial Services (AFS), the region’s foremost FinTech enabler, in partnership with Batelco, Bahrain’s leading digital solutions provider. It has since been rolled out across thousands of leading retail businesses, cinemas, hotels, F&B and entertainment outlets throughout the Kingdom and is being utilised daily by an ever-growing customer base. bwallet users can simply scan a QR code for seamless transactions and enjoy quick, secure and easy cashless payments with exclusive benefits through their mobile phones.

Speaking of the partnership with Al Zayani Investments Group, Mr. Shiraz Ali, AFS CEO - FinTech said: “bwallet users are enjoying a growing payments space as leading entities across the Kingdom of Bahrain, offering diverse products and services, are embracing bwallet. With the addition of Al Zayani Investments Group, bwallet users can now avail of even more services across the property and automotive sectors with a payments experience that is convenient, frictionless, secure, engaging, transparent and cashless. We are delighted to partner with Al Zayani Investments Group and further enrich the bwallet payments space.”

Al Zayani Investments Group is a dynamic company based in Manama, Bahrain. Since its establishment in 1977, Al Zayani Investments Group’s journey has been one of mounting success and expansion. Its business portfolio includes diversified ventures into the automotive, health care, manufacturing, real estate and service businesses. Today, Al Zayani Investments Group is a strong regional competitor, equipped to face the challenges of the changing modern market.

Al Zayani Investments Group Chairman Mr. Nawaf Al Zayani commented: “As we stride towards an era where technology has become an essential part of our daily lives, Al Zayani Investments continually seeks offering utmost convenience to its valued clients through utilizing the latest technologies. Today, AFS and Batelco have introduced a very convenient technology, the bwallet app, which enables users to make cashless payments and transactions with a simple press on their smartphone screens. Our clients could easily make purchases or pay their bills at any of our companies, by using the bwallet app on their smartphones. We are glad of this partnership with AFS and Batelco and we look forward to more partnerships between us in the future.”


Further information about bwallet, its growing services portfolio, its offers and exclusive cashback promotions can be found by visiting Batelco.com. Download the free bwallet mobile app at GooglePlay or Apple’s App Store.

About AFS:
Established in 1984, Arab Financial Services (AFS) is the MEA region’s leading payment solutions provider and FinTech enabler.

The company offers innovative and end-to-end payment services and solutions that span card processing, merchant acquiring, FinTech and a state-of-the-art value-added services suite.

Focused on introducing innovative payment products and cutting edge FinTech solutions that support governments on their trajectory towards a digital economy, AFS can empower businesses by exploring and investing in superior technologies that help shape the future of financial experiences and how they are conducted: anytime, anywhere and anyhow.

In 2018, AFS introduced bwallet to the region - the first mobile wallet facilitating peer-to-peer and cashless transactions. Today, bwallet has established itself as the market leader with a significant user and merchant footprint across the Kingdom of Bahrain. EasyPay was another first from AFS - Bahrain’s first NFC payment service allowing payments with a tap of the mobile. Other innovations rolled out by AFS have been electronic KYC, Peer-to-Peer (P2P), Peer-to-Merchant (P2M), QR enabled payments, Tokenization, Remittance, WPS and Digital Banking solutions. 2018 also saw AFS launch merchant acquiring services to banks in both Bahrain and the Sultanate of Oman including end-to-end platform, settlement, eCommerce and integrated POS devices supporting contactless cards, NFC, QR and other forms of payment acceptance.

AFS serves over 75 clients across the financial sector in more than 21 countries. A subsidiary of Bank ABC, it is owned by 37 banks and financial institutions and regulated by the Central Bank of Bahrain.

AFS has offices and data centers in Bahrain, UAE and Oman, and was the first processor in the region to become Payment Card Industry Data Security Standard (PCI DSS) 3.2 certified.

Recipient of several global awards, AFS has most recently been recognized as of ‘The Most Innovative FinTech Solution Provider 2018’ at the GCC Enterprise Awards 2018 and ‘Best Payment Service Provider – Bahrain 2017’ by Global Banking and Finance Review.

For further information visit www.afs.com.bh

Media enquiries about AFS and its subsidiary companies can be directed to:
Name: Azza Mubarak Matar
Title: Head of Corporate Communication
Email: pr@afs.com.bh
Telephone: +973 1729 9711 / 3840 761