Manama, Kingdom of Bahrain: bwallet, the Kingdom of Bahrain’s leading digital mobile wallet and the first of its kind to provide peer-to-peer money transfer, has joined forces with Devji since 1950 to offer customers instore bwallet payments. Patrons of any of Devji since 1950’s branches across Bahrain can now enjoy fast, convenient and secure cashless payments via any smartphone instead of cash or card, along with exclusive offers for bwallet customers.

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, B. Chandrasekhar, Chief Executive Officer of AFS said: “We are delighted to welcome Devji since 1950 to the growing bwallet family and support their goal of transforming the overall customer experience. bwallet delivers a convenient, secure and lifestyle-driven payment method that reflects the future of payments. Optimized for a mobile audience, users of any smartphone and subscribed to any telecommunications operator can use bwallet when purchasing items from Devji since 1950 and the host of other retail outlets at which bwallet is available.”

Devji since 1950, is a Bahrain born brand that has been in existence for more than half a century. The brand has carved a niche for itself both in Bahrain & across the GCC. Every Devji offering is accompanied with the invisible labels of Purity, Quality, Craftsmanship & Value, the name Devji since 1950 has come to mean trust to thousands of customers across the GCC. The brand today has made its mark in Bahrain, UAE & the Sultanate of Oman.

Mr. Prakash Devji CEO - Retail said: “bwallet is the pioneer of digital payment platforms in Bahrain and we at Devji since 1950 are proud to be associated with them. As technology evolves at breakneck speed, we will see a total shift in the way traditional business is conducted. Young millennials adapt very quickly to newer technology, and digital payment is emerging strongly as an alternative to cashless transactions. We will see a host of changes happening in the retail industry. These are going to be exciting times for everyone!”

The bwallet app offers a host of attractive features. These include: International Money Transfer to Bangladesh, Egypt, India, Nepal, Pakistan, Philippines, Sri Lanka and the United Kingdom; International Prepaid Mobile Top Up to any international prepaid mobile phone account in over 150 different countries; In-App Batelco Bill Payments enabling customers to buy Batelco Prepaid credit or pay Postpaid and fixed line bills; and Bill Splitting which allows users to divide costs of shared expenses so that everyone can pay their share instantly and accurately.

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.

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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 / 3965 2012

© Press Release 2019

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