Arab Financial Services (AFS) has entered into a strategic alliance to provide merchant acquiring solutions for Ahli United Bank (AUB) in Bahrain.

Under the terms of the arrangement, AFS will launch payment acceptance solutions such as e-commerce and integrated POS devices. In addition, the agreement includes fintech payment services.

The POS devices will accept both international and domestic payment schemes, while the fintech options include contactless cards, NFC, QR and bwallet.

In addition, the merchant acquiring services to be provided by AFS will comprise an end-to-end platform, settlement and reconciliation.

Ahli United Bank plans

AFS CEO B Chandrasekhar said: “AFS’ partnership with AUB is part of our greater efforts to further develop the region’s future financial landscape. We are delighted to partner with a leading bank such as AUB, supplying them, their merchants and end-users, with the technologies that are shaping the future of payments acceptance.

“AFS is dedicated to investing in the development of cutting-edge payments and fintech infrastructure and products to provide innovative solutions for our partners and their customers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Regulated by the Central Bank of Bahrain, AFS is owned by 39 banks and financial institutions. It delivers end-to-end payment services and solutions.

AUB deputy group CEO of Retail Banking Abdulla Al-Raeesi said: “This partnership will enable AUB to provide unique and latest in payment processing technology to our merchants, which will help make card transactions simpler, smarter and even more convenient for customers.

“We are confident that that this partnership will further enable us to further grow our market share in the acquiring business on account of new enhanced technology platform coupled with various value added services / benefits to merchants and card holders in Bahrain.”