International Payment Services obtains Visa Issuing & Acquiring Principal Membership License

They area leading Bahrain-based third-party payment processor and payment services provider

  
Ebrahim Janahi, Chief Executive Officer of IPS

Ebrahim Janahi, Chief Executive Officer of IPS

International Payment Services B.S.C (closed) (“IPS”), a leading Bahrain-based third-party payment processor and payment services provider, proudly announced that it has obtained the Visa Issuing & Acquiring Principal Membership License. On this momentous occasion, Ebrahim Janahi, Chief Executive Officer of IPS, expressed his delight saying: “ The Visa Issuing & Acquiring Principal Membership License adds a new distinctive achievement to the list of our growing orgnaisational successes and  fulfils a significant strategic milestone for our company, by intrinsically supporting our efforts to maintain global service standards and provide competitive and innovative solutions to the banking and financial institutions sector, on both domestic and international levels. In terms of business opportunities, this partnership will open the door to IPS to issue multi-currency prepaid cards and consequentially enable customers to use Visa cards in Bahrain and overseas, in a smooth and convenient manner. In a broader context, new opportunities will encompass the delivery of wide-ranging, first-class services and smarter payment solutions that will greatly simplify and streamline our customer experience in using banking and e-commerce services innovatively and seamlessly.

“This comes in line with our efforts to consistently furnish the market with the most advanced, cutting-edge banking solutions in the field of card technology, and work beyond conventional trade and e-commerce practices,” added Janahi.

Malak Alsaffar, Visa’s Country Manager for Bahrain, said: “We are delighted to issue the principal membership license to IPS, and have every confidence that this license will enable the company to support the growth of digital payments and drive financial inclusion in Bahrain.. We are particularly keen to provide end-to-end, innovative technology solutions to our partners such as IPS, enabling them to join us in our mission to give more Bahraini consumers and businesses access to the digital economy by bringing them the latest in digital payment solutions.”

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About IPS:

IPS is a third-party payment processor and payment service provider established in 2017, and headquartered in Manama, Bahrain. It is regulated & licensed by the Central Bank of Bahrain (“CBB”). It offers innovative and ingenious IT payment solutions to its clients, and introduces fresh and revolutionary payment processing systems and works beyond conventional trade practices. IPS provides payment processing systems that are reliable, seamless and user-friendly.

About Visa:

Visa is the global leader in digital payments and among the world’s most valued brands.

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