back Back

Eazy partners with phos to power contactless payments in Bahrain

By Leandra Monteiro

June 09, 2021

  • Bahrain
  • Eazy
Share

Eazy Financial Services. Eazy, BENEFIT, Bahrain, payment gateway, POSPhos, the FinTech behind the software-only Point of Sale (SoftPoS), has partnered with Eazy Financial Services, to enable merchants in Bahrain to accept contactless payments on their smartphone.

Through this partnership with the payment services provider, which is licensed and regulated by the Central Bank of Bahrain, merchant will be able to seamlessly and securely turn any NFC-enabled Android device into a payments terminal for the first time.

The app is now available to pre-order before it officially launches in a few weeks, with EazyPay becoming the first acquirer in Bahrain to introduce phos’ innovative SoftPoS solution.

Nayef Tawfeeq Al Alawi, the Founder, Managing Director, and CEO of Eazy Financial Services said, “We at Eazy are proud to have obtained a license authorising us to provide direct financial acquiring and issuance services from the Central Bank of Bahrain, and would like to thank them for their constant and unlimited support. Working with our partners, we strive to contribute to accelerating the process of introducing digital payments and reducing the reliance on cash in Bahrain in line with the Kingdom’s 2030 Economic Vision, which aims to further develop the financial sector.”

Merchants will be able to process all customer transactions and transfers directly via the SoftPoS app, enabling seamless payments and flexible services. With security a high priority for merchants and consumers alike, customers will be prompted to enter their card’s PIN code for high value contactless transactions – without having to insert a debit card into a conventional PoS device.

Brad Hyett, CEO of phos added, “We’re hugely excited to partner with EazyPay to bring our efficient and innovative SoftPoS solution to Bahrain. With consumers increasingly demanding smarter and better ways to pay, the app is poised to transform how merchants do business in the country. By enabling businesses to accept contactless payments quickly and securely, without the need for costly additional hardware, the new EazyPay app will provide increased savings and reduced costs for small and medium sized businesses.

Previous Article

June 09, 2021

BNY Mellon and Saphyre partner to utilize AI to revolutionize client onboarding

Read More
Next Article

June 09, 2021

Acuant and BITPOINT LATAM partner to streamline onboarding for cryptocurrency exchanges

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Bahrain

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

FinTech Focus: Catch latest developments of the week

Read More

April 12, 2024

Parafin secures $125m warehouse facility from Silicon Valley Bank & Trinity Capital

Read More

April 12, 2024

TransferGo raises $10m in funding from Taiwania Capital Management

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023