Bahrain Kuwait Insurance Co (GIG Bahrain) has signed a payment services agreement with Eazy Financial Services ‘EazyPay’, Bahrain’s leading and most innovative payment services provider.

These services include providing GIG Bahrain with state-of-the-art Point-of-Sale (POS) Terminals placed at its outlets to accept all types of Debit and Credit cards from Visa & MasterCard, including the acceptance of the latest method of payment using Crypto assets via ‘Binance App’, which is regulated by the Central Bank of Bahrain, making GIG Bahrain the first insurance company in the Mena region to accept premium payments as crypto assets payments in regulated, secure and extremely fast manner.

The agreement was held at the headquarters of the GIG Bahrain in Seef Area, in the presence of Dr Abdulla Sultan CEO of GIG Bahrain, and Nayef Tawfiq Al-Alawi, Founder & CEO of Eazy Financial Services and Tameem Al Moosawi General Manager of Binance Bahrain.

Simple and effective

The benefits of bringing in EazyPay to GIG Bahrain will ensure simple and effective transaction journeys for customers, with a partner which is able to ensure first-class service.

GIG Bahrain Chief Operating Officer, Ali Noor commented: “We are pleased to have Eazy Financial Services as a POS service provider. The services they offer will benefit our operations greatly while offering a smooth, hassle-free experience for our customers.”

“As part of our commitment to our customers we always strive to make the payments as easy as possible and provide all ways and means available that meets our customers’ expectations. It’s our pleasure to have add such payment feature to our platform.”

EazyPay

Nayef Tawfiq Al Alawi, Founder & CEO of Eazy Financial Services, said: “We are very proud today to become the partners of GIG Bahrain, the leading insurance company in Bahrain, by providing EazyPay competitive, and innovative payment services, which makes EazyPay the most leading, preferred, and Trusted POS & Online payment Gateway Service Provider in Bahrain.”

Tameem Al Moosawi, General Manager of Binance Bahrain, said: "We are excited to welcome GIG Bahrain to the Web 3 Economy. This agreement enables it to become the first insurance company in the Mena region to accept crypto-asset payments through Binance Pay’s partnership with EazyPay, showcasing how the financial sector in Bahrain is continuously in the forefront, supporting regional and global players in keeping up with global trends.”

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