LMRA and BFC Payments Partner to Provide Expatriates with Instant Digital Wallets Upon Arrival in Bahrain

BFC Payments, a subsidiary of Al Ansari Financial Services PJSC and one of Bahrain’s leading digital payments and financial services providers, has announced a strategic partnership with the Labour Market Regulatory Authority (LMRA) to offer expatriate workers voluntary, instant access to digital financial services upon their arrival in the Kingdom of Bahrain.

This initiative aligns with the Kingdom’s commitment to strengthening labour market systems and safeguarding the rights of all stakeholders through secure, accessible, and inclusive financial solutions.

Under this partnership, expatriates arriving at Bahrain International Airport will receive a BFC Payments digital wallet, which they can activate at their discretion. The wallet provides convenient, secure, and inclusive tools to help manage personal finances confidently from the very first day in Bahrain.

Each digital wallet includes an International Bank Account Number (IBAN) and a comprehensive suite of financial services such as virtual card issuance, local and international money transfers, QR-based payments, and utility bill settlements. Additionally, users will benefit from a customized rewards programme offering cashback, merchant discounts, and other perks tailored to support their daily financial needs.

H.E. Nibras Mohamed Talib, CEO of the Labour Market Regulatory Authority (LMRA) and Chairman of the National Committee for Combatting Trafficking in Persons, stated:

“This partnership with BFC Payments marks an important step toward further safeguarding the rights of all parties by ensuring immediate access to secure digital financial services. It also underscores the vital role of private sector collaboration in advancing LMRA’s ongoing policies and strategies.”

Vineet Karumat, General Manager of BFC Payments, added:

“We are proud to collaborate with LMRA in delivering innovative and inclusive financial solutions that address real-world challenges. From the moment expatriates land in Bahrain, they will have the tools to participate in the economy, support their families, and manage their finances with confidence and security.”

For more information, please visit www.bfcpay.com.