back Back

Zain Bahrain launches new FinTech company, Bede app

By Delisha Fernandes

February 12, 2024

  • Credit Cards
  • Digital Ecosystem
  • fintech MENA

Zain, Bede,

Zain FinTech, the financial services arm of Zain Group, has launched a new FinTech company, the Bede app, as part of its development strategy in the Middle East and Africa.

Bede is an innovative Shariah-compliant FinTech mobile app offering a seamless and convenient consumer microfinance service in just a few taps. Applicants can download the app and receive instant, hassle-free approvals based on their credit profile, thereby making accessing the funds they require easier than ever.

In due course, subject to local regulatory and commercial considerations across Zain’s footprint, the range of services offered by Bede will extend beyond consumer micro-finance to also include payments, remittances and credit cards.

Bader Al-Kharafi, Zain Vice-Chairman and Group CEO, said, “The launch of the new fintech brand Bede, first in Bahrain is another milestone of the Board of Director’s initiated ‘4Sight’ strategy and vision to expand much-needed fintech services in Iraq, Jordan, Saudi Arabia and soon in Kuwait and Sudan. The expansion of innovative FinTech services drives financial inclusion and advances the region’s digital ecosystem, supporting the socio-economic visions of the countries we serve.”

The Zain FinTech institution represents the financial services arm of Zain Group, being an important tool in the financial institution’s `4Sight` strategy by overseeing Zain’s FinTech solutions across its operations in the regions of the Middle East and Africa. It also focuses on launching new products and services related to payments, remittances, credit cards, as well as micro-finance within the Zain ecosystem, and beyond.

The impact of Bede in Bahrain will go beyond convenience and efficiency. It is designed with inclusivity at its core, ensuring that it is accessible and beneficial to everyone, whether the individual is looking to fund an emergency or manage their day-to-day expenses more efficiently.

Previous Article

February 12, 2024

Juspay acquires Lotuspay to fuel its recurring payment offerings

Read More
Next Article

February 12, 2024

PortX teams up with Hummingbird to fight financial crime

Read More

IBSi Daily News Analysis


February 23, 2024

Credit Cards

Regulated firms battle surge in financial crime attempts, research reveals

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

February 22, 2024

Vidyut raises $10m in Series A Funding round led by 3one4 Capital

Read More

February 21, 2024

Autonom8 & Berar Finance to automate Intelligent Loan Origination

Read More

February 21, 2024

Commerce Bank goes live with Temenos loan origination solution

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
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!
Get your copy now! IBSi Sales League Table 2023