Beyon Money, part of the Beyon Group, has been granted a new license by the Central Bank of Bahrain, enabling the Company to introduce new services for its customers. His Excellency, Central Bank of Bahrain (CBB) Governor Mr. Rasheed Mohammed Al-Maraj issued the decision to grant Beyon Money a Class 2 investment Company license which will allow Beyon Money to offer a range of new services.
Beyon Money CEO Roberto Mancone commented, “We extend our appreciation to His Excellency Mr. Al-Maraj and the Central Bank of Bahrain for their ongoing invaluable support. The new license enables us to introduce exciting new products for our customers in the near future.”
![Beyon Money logo](https://intlbm.com/wp-content/uploads/2023/05/Beyon-Money-logo.png)
”We are committed to continuously enhance the Beyon Money Super App, providing customers with Cards, Remittance, Open Banking, Personal Financial Managment and more. With the addition of the Class 2 Investment license, Beyon Money is the only Fintech in Bahrain that facilitates a suite of services for everyday financial requirements with 6 different licenses granted by the CBB,” Mr. Mancone added.
Beyon Money, launched in January 2022 to operate in Bahrain through 3 Financial Services Regulated Entities by Central Bank of Bahrain: Batelco Financial Services, Batelco Remittance Services and Beyon Money Investments. In the first 5 months of 2023, it achieved significant growth equal to 6 times the volume of domestic and international payments and 10 times the number of customers compared to the same period in 2022.
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