Batelco, AFS sign mobile wallet deal

Manama : Batelco and AFS, a leading payment services provider have signed an MOU to roll-out a state-of-the art mobile wallet solution in Bahrain.  AFS Chairman Sael Al Waary and Batelco Bahrain CEO Muna Al Hashemi signed the deal at Batelco headquarters in Hamala.

A full range of integrated features will be available on the mobile wallet such as, person-to-person money transfers and loyalty points in a secure and convenient manner for both consumers and merchants and many other services.  

The mobile wallet will utilize the latest Quick Response (QR) technology and will have near field communication (NFC) capability, allowing customers to tap and pay at participating outlets. The full solution will be rolled out in phases over the next several months.

Following the signing, Al Hashemi said, “This will enhance the lifestyles of customers by providing a convenient cashless, secure and agile payment method.” 

The signing ceremony was attended by Batelco Chief Marketing Officer Mike Stanford, Batelco Senior Manager Mobile Services Husain Al Aswad, AFS CEO B. Chandrasekar, AFS Group Head of Strategy and Fintech, Martin Roeske and AFS Director of Frictionless Payments Business, Shiraz Ali.