Manama, Kingdom of Bahrain 08 August 2021: Arab Financial Services (AFS), the leading digital payment solutions provider and Fintech enabler in the Middle East and Africa and PaySky Solutions (PaySky) the disruptive digital payments ecosystem builder, have signed a major partnership agreement to deliver Bahrain’s first full payments acceptance solution to businesses via an app: AFS Pay, which transforms merchant smartphones into payment terminals.
The AFS Pay app is a revolutionary digital merchants payment acceptance platform that will serve to empower AFS’s network of merchants with a virtual point of sale POS terminals. The AFS Pay app enables businesses to seamlessly and cost effectively accept electronic payments, online and in-person (via any Android mobile phone or tablet), eliminating the need to invest in a physical device. In addition to scanning a credit card in-store, AFS Pay allows remote payments for home deliveries by generating payment links that can be shared via social media such as WhatsApp, Facebook Messenger, SMS and email. Merchants also benefit from full visibility on transactions through an easy to use and easy to navigate app dashboard interface.
“The launch of AFS Pay brings us one step closer to realizing our vision of full digitization of payment services, an agenda that AFS is endorsing and promoting across the MENA region. We are glad to partner with innovative Fintech partners like PaySky, who deploy unique innovations and the latest technologies to deliver efficient digital payments platforms to empower various payments value chain stakeholders” said Mr. Samer Soliman, CEO of AFS.
“We are proud of our partnership with AFS, our collaboration will enable AFS and its customers to harness the power of digital payment solutions, realizing our commonly sought goals of financial inclusion & digital transformation” comments Mr. Waleed Sadek, Founder & CEO of PaySky Payment Solutions.
Regulated by the Central Bank of Bahrain, AFS boasts numerous ground-breaking, end-to-end payment services and solutions. These span card processing, Merchant Acquiring, Fintech and a state-of-the-art, value-added services suite. The Company’s dedication to innovation has positioned it as a driving market force delivering a rich portfolio of payment solutions including popular digital mobile wallets: bwallet in Bahrain and eFloos in Oman; market-leading Merchant Acquiring services; Bahrain’s leading digital payroll solution Al Rateb; global Contact Centers and more. Providing the highest quality payments solutions that are trusted by businesses AFS has offices and data centers in Bahrain, UAE, and Oman, and was the first processor in the region to become Payment Card Industry Data Security Standard (PCI DSS) 3.2 certified.
As the brainchild of the MENA region’s banking sector, Arab Financial Services (AFS) exists to empower businesses and consumers by exploring, innovating, and investing in superior technologies that help shape the future of financial experiences. A subsidiary of Bank ABC, AFS is owned by 37 banks and financial institutions, and serves over 60 clients in more than 20 countries. Today, we are the region’s leading digital payment solutions provider and Fintech enabler. Regulated by the Central Bank of Bahrain, our ground-breaking, end-to-end payment services and solutions span card processing, Merchant Acquiring, Fintech and a state-of-the-art, value-added services suite. Our dedication to innovation has positioned us as a driving market force delivering a rich portfolio of payment solutions including popular digital mobile wallets: bwallet in Bahrain and eFloos in Oman; market-leading Merchant Acquiring services; Bahrain’s leading digital payroll solution Al Rateb; global Contact Centers and more. Providing the highest quality payments solutions that are trusted by businesses, we have been recognized by Mastercard for the Fastest Contactless Acquiring Implementation in Bahrain in 2020, as the “Leading Payment Solutions Provider MENA 2021” by International Business Magazine and as the “Most Innovative Payment Solutions Provider, 2021” by The Global Economic.
PaySky is a digital payments ecosystem enabler, with a mission of “Democratizing e-payments” PaySky empowers individuals & businesses to remit, pay & get paid!
PaySky currently powers the leading financial institutions, domestic switches, payment processors, telco operators & card schemes with next-generation digital payment platforms as well as directly serve hundreds of thousands of businesses and millions of individuals with unique digital financial services.