Arab Financial Services launches its proprietary BPay app
By Leandra Monteiro
Arab Financial Services (AFS), a digital payment solutions provider and FinTech enabler in the Middle East and Africa, has launched a new digital wallet and upcoming payments super app offering, BPay.
Owned and operated by AFS, BPay is a secure, easy-to-use, and fully featured payments app that is part of a Kingdom-wide initiative to make Bahrain cashless and supports the Kingdom of Bahrain’s government initiatives to drive digital transformation.
Users can initially use BPay to purchase goods or services, to send and receive money peer-to-peer (sending money by CPR, telephone number of My QR code), store money for when they need it, store credentials for various payment instruments securely and digitally, remit money (send money internationally), pay bills, use value-added services and more. Over time, AFS’s BPay offering will not only deliver added services but also support financial and social inclusion as it will be available to all segments of the population in the Kingdom of Bahrain, including those with limited or no access to banking services.
Samer Soliman, AFS Chief Executive Officer said, “We are delighted to launch BPay today. This is a tailored payments product designed to be the first choice in digital payments and financial services. BPay facilitates digital transactions securely in near-real time locally and globally, that all consumers and businesses can partake in to serve their everyday needs and, at the same time, promotes and supports wider financial inclusion across the Kingdom of Bahrain. The speed, convenience, and transparency of our new service offering will really resonate with users of the BPay application.”
BPay is directly integrated into AFS Point of Sale (PoS) terminals using APIs for merchants and corporations – for efficient, convenient use. For consumers, BPay is accessed by smartphone users through a digital app available from any app play store (Google or iOS). Once they have set up the app, users can move funds to their BPay account via Benefit.
Following the end of the collaboration between Batelco and AFS and effective sunsetting of the “bwallet” digital payment solution, all existing customers and their wallet balances are automatically migrated to their BPay prepaid card accounts. All new users of BPay can conveniently download the AFS BPay app store or play store and can quickly and easily complete their digital registration within just a few minutes.
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December 08, 2023