Manama, Kingdom of Bahrain: The Kingdom of Bahrain’s first digital mobile wallet, bwallet, has expanded its secure, convenient and seamless International Money Transfer service to now include money transfers to bank accounts in the United Kingdom – all with the click of a button on their phones. Until 30th September 2019, bwallet users can also enjoy no transaction fees when sending money to the UK.
Mr. B Chandrasekhar, AFS CEO said: “bwallet’s superior and streamlined money transfer service has further expanded as part of AFS’ ongoing mission to deliver innovative solutions of choice to consumers. We are delighted with the addition of UK to our list of countries to which any mobile user can send funds to family members and friends and look forward to seeing the number of countries further grow in the coming months. This latest development is especially useful to parents whose children are studying in the UK - bwallet offers them a quick and economical method to send money. bwallet’s success to date is built on understanding and catering to the needs of its increasing customer base, further empowering them with new, innovative, technology-driven solutions. We are working closely with our partners of choice to add value-driven features that engage our customers and deliver further enhancements and convenience.”
bwallet, 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.
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.
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
Telephone: +973 1729 9711 / 3840 7611
© Press Release 2019