AFS has launched its mobile wallet in Bahrain where it will provide benefit customers in terms of cash-back purchases, cross-border remittances, loyalty points and wallet-to-wallet money transfers.
Sael Al Waary, Chairman of AFS said: “We are proud to launch the AFS Wallet in Bahrain, demonstrating our lead in FinTech in the region. This will contribute to promoting cashless payments and financial inclusion putting Bahrain at the forefront of the FinTech revolution. AFS will also be launching the mobile wallet with banks, telcos, retailers and other partners across the Middle East and Africa. The growth of digital banking globally is exponential, with an increasing number of digital wallets, and digital payment solutions, not only in the US and Europe, but across Asia, in India and China, contributing to financial inclusion.”
The e-wallet also enables participating merchants to earn loyalty points, and conducts business-to-business money transfers. It will be utilizing the latest Quick Response (QR) technology and will have near field communication (NFC) capability, which in turn will allow customers to tap and pay at participating outlets.
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