May 27, 2024

LuLu Exchange Bahrain collaborates with AFS

Facebook
Twitter
LinkedIn
LuLu Exchange Bahrain partnership signing ceremony with AFS
LuLu Exchange Bahrain partnership signing ceremony with AFS

LuLu Exchange Bahrain has partnered with Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, and a leading merchant acquirer in Bahrain to facilitate and promote BPay and debit card payments at all LuLu Exchange branches, with the aim of making digital payments easier and more accessible for customers. This collaboration is part of LuLu Exchange’s ongoing digital transformation drive focused on achieving the vision of a cashless Bahrain economy. Lulu Exchange Bahrain customers can conduct transactions through the BPay app or their debit cards, at any local branches. Customers can now use their BPay app to conveniently pay at all Lulu Exchange branches for international remittances with BPay QR payments which is easy and hassle-free. In addition, customers can also buy foreign currency through the settlement service.

Lulu exchange bahrain & AFS logo

Mrs Amira Ismail, Head of Merchant Acquiring Business, Bahrain at AFS said, “We are constantly looking for ways to grow digital payments acceptance in Bahrain, in line with the evolving needs and expectations of today’s customers. Today, with AFS’s market-leading PoS acceptance systems now available at all LuLu Exchange branches across the Kingdom of Bahrain we are giving access to more customer-friendly, digital payment methods for greater convenience, security and efficiency of payment.”

Mr. Edison Fernandez, General Manager of LuLu Exchange Bahrain said, “Our collaboration with AFS aims to provide our valued customers with an efficient and seamless payment experience, while also reinforcing our position as a leading financial services provider in the country. With this move, LuLu Exchange Bahrain is set to revolutionize the way customers send money and buy foreign currency, making it faster, safer, and more convenient than ever before.”

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 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. 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.

Regulated by The Central Bank of Bahrain, and majority-owned by Bank ABC, AFS boasts numerous ground-breaking end-to-end digital payment services and solutions. These span debit, credit, and Islamic card processing, merchant acquiring, fintech, and a suite of state-of-the-art value-added services. Providing the highest quality payment solutions that are trusted by businesses, AFS has offices and data centers in Bahrain, Egypt, Oman, and the UAE. Its dedication to innovation has positioned AFS as a driving market force delivering a rich portfolio of payment solutions including popular digital mobile wallets, market-leading merchant acquiring services, Bahrain’s leading digital payroll solution, global contact centers and more.

Source

Also read:

AFS elects Brankas to boost MENAs Open Finance Infrastructure

Share.

RELATED POSTS

IFC Partners with Egypt’s CIB in managing climate risk.
IFC partners with Commercial International Bank (CIB)
HAQQ partners with Brighty App for fintech innovation
HAQQ partners with Brighty App for fintech innovation
Emirates NBD Head Office
Emirates NBD unveils SustainTech Accelerator Program
  • Tamkeen Insurance
  • Telcotech

LATEST POSTS

Event partnership
Image used for illustrative purpose
This MOU outlines a three-year program aimed at integrating AI into the fabric of our economic and social ecosystems, creating a sustainable, tech-driven future. Image Courtesy- ITIDA
Masraf Al Rayan x Google Cloud agreement signing ceremony. Image Courtesy-Masraf Al Rayan