Fintech-tak van Batelco, de grootste telco van het land, lanceert eind 2021 de eerste super-app voor mobiel betalen in de regio
REDWOOD CITY, Californië–(BUSINESS WIRE)– i2c Inc., een toonaangevende leverancier van digitale betalings- en banktechnologie, heeft vandaag haar samenwerking aangekondigd met BEYON Money, de mobiele super-app gelanceerd door Batelco Financial Services, de fintech-tak van Bahrein toonaangevende leverancier van digitale oplossingen en telecommunicatie.
De BEYON Money super-app wordt ondersteund door een recent beveiligde, eerste in zijn soort open banking-licentie van de Centrale Bank van Bahrein en zal een digitale portemonnee hosten die retail-, factuur- en peer-to-peer-betalingen voor zijn gebruikers mogelijk maakt , maakt verbinding met bankrekeningen via open banking, levert financiële inzichten en biedt digitale overmakingen. BEYON Money zal functionaliteiten voor het uitgeven en verwerken van kaarten ontwikkelen via het flexibele bank- en betalingsplatform van i2c, dat ook aanvullende partners en diensten zal integreren.
i2c Partners with BEYON Money and Visa to Launch First Open Banking Super App in Bahrain
Fintech arm of Batelco, the nation’s leading telco, to launch first mobile payments super app in region by year-end 2021
REDWOOD CITY, Calif.–(BUSINESS WIRE)– i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with BEYON Money, the mobile super app launched by Batelco Financial Services, which is the fintech arm of Bahrain’s leading digital solutions and telecommunications provider.
Backed by a recently-secured, first-of-its-kind open banking license from the Central Bank of Bahrain, the BEYON Money super app will host a digital wallet that enables retail, bill, and peer-to-peer payments for its users, connects to bank accounts through open banking, delivers financial insights and provides digital remittances. BEYON Money will develop card issuing and processing functionalities through i2c’s agile banking and payments platform which will also integrate additional partners and services.
Through i2c’s Fintech Fast Track certification, BEYON Money will tap into Visa’s network infrastructure to launch a digital-first debit program to the market with a physical card option available upon request. Additionally, i2c has integrated with local switch, Benefit, connecting consumers to billers across Bahrain, allowing them to pay utilities, rent, mobile, and more via their smartphone. The app is backed by the Central Bank of Bahrain.
“We are proud to partner with BEYON Money and its visionary team as they work to reimagine everyday financial life for their country,” said Aurangzaib Khan, General Manager, MEA Region of i2c Inc. “Our building block technology was designed to help visionaries like Batelco Financial Services to create new possibilities in banking and payments, and their BEYON Money super app is a perfect embodiment of that philosophy.”
According to the World Bank’s Global Findex report, nearly one in five individuals in Bahrain are unbanked, while the nation enjoys a 131% mobile penetration rate. With this super app, Batelco is looking to leverage its leadership position in mobile to accelerate financial inclusion across the nation, with plans to expand to more countries in the near future.
About Batelco Financial Services
Batelco Financial Services Company is located at Batelco’s headquarters in Hamala and comprises a team of national and international expertise in fintech. The newly established company will offer a range of solutions and services for consumers and SMEs, to provide an integrated and seamless banking experience under one platform.
About i2c Inc.
i2c is a global provider of highly-configurable payment and banking solutions. Using i2c’s proprietary “building block” technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c’s next-generation technology supports millions of users in more than 200 countries/ territories and across all time zones. For more information, visit www.i2cinc.com and follow us at @i2cinc.
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