Khalid Saad, CEO of Bahrain FinTech Bay

Visa has entered into a partnership with the Middle Eastern fintech hub Bahrain Fintech Bay with an aim to fuel the development of fintech ecosystem in Bahrain.

On this occasion, Khalid Saad, CEO of Bahrain FinTech Bay said, “We are excited about the partnership with Visa, the world’s leading payments technology company. As Bahrain and the region’s FinTech ecosystem continues to develop coupled with Bahrain FinTech Bay’s deepening connections to global centers of fintech innovation, the partnership with Visa will be instrumental in furthering this development”.

According to the supplier, the partnership will facilitate a joint innovation, assist in the development of educational initiatives and allow for payments focused event to discuss the latest trends in payments, e-commerce, security and risk. The partnership also aims to contribute to the initiatives in which Bahrain Fintech Bay is a participant.

Dylan Kaloo, Visa’s Country Manager for Bahrain, said, “We are really thrilled to partner with Bahrain FinTech Bay and for the opportunity it presents us to support the Bahrain FinTech ecosystem. We look forward to working with startups and innovators to foster and potentially bring new payment experiences to life in a secure and scalable manner.”

The Bahrain FinTech Bay (“BFB”) provides a physical hub to incubate FinTech initiatives through innovation labs, acceleration programs, curated activities, educational opportunities and collaborative platforms. Bahrain FinTech Bay partners with governmental bodies, financial institutions, corporates, consultancy firms, universities, associations, media agencies, venture capital and FinTech start-ups to bring the spectrum of financial market participants and stakeholders together.

by Megha Bhattacharya
Market Analyst at IBS Intelligence