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EazyPay & Visa team to facilitate account-to-account fund transfers

By Delisha Fernandes

February 28, 2024

  • Digital Payments
  • EazyPay
  • Financial Inclusion
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Visa, SAPEazy Financial Services “EazyPay”, a financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa, a global leader in digital payments, to enable Visa Direct, a funds transfer solution for EazyPay’s customer base.

This collaboration marks the initial deployment of Visa Direct Account Funding Transaction (AFT) solution within the nation, empowering consumers with seamless and secure fund transfers to accounts both within Bahrain and across the globe.

Nayef Tawfeeq Al Alawi, Founder and CEO – Eazy Financial Services stated, “We are thrilled to partner with Visa. This collaboration presents a significant opportunity to redefine the landscape of global financial inclusion, paving the way for seamless and equitable international money transfers. This aligns perfectly with EazyPay’s unwavering commitment to pioneering innovative payment solutions. We believe collaboration is indeed the cornerstone of a thriving financial landscape – fostering innovation, strengthening trust, and unlocking a wider range of opportunities for both institutions and individuals.”

Upon integration of Visa Direct capabilities into EazyPay’s service offerings, customers will gain the ability to fund their accounts domestically, encompassing multiple currencies, through Visa’s expansive network of local banking partners. This innovative partnership unlocks a world of possibilities for EazyPay customers, with unparalleled ease, speed, and security.

Malak Alsaffar, Visa’s Country Manager – Bahrain said, “At Visa, we are unwavering in our commitment to facilitating domestic and international money movement for individuals and businesses alike. Our partnership with EazyPay signifies the inaugural implementation of our cross-border account funding solution for customers within Bahrain. This groundbreaking digital payment technology streamlines the transfer process from Visa AFT wallets, rendering it faster, simpler, and more secure than ever before.”

This partnership between EazyPay and Visa aims to redefine the landscape of money movement by spearheading innovative advancements and expediting the development of novel payment solution.

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