Batelco yesterday announced its backing to Bahrain FinTech Bay (BFB) by joining it as a founding partner.
Batelco joins other leading companies including Bahrain Economic Development Board who are onboard to drive the acceleration of the FinTech ecosystem in Bahrain and the Middle East.
Bahrain FinTech Bay’s objectives are to foster synergies among market players, including government bodies, financial institutions, corporates, investors and innovators.
Batelco Bahrain CEO Mohamed Bubashait, who attended the launch of Bahrain FinTech Bay and will represent Batelco on its Board, said that Batelco is delighted to be among the founding partners of the new company which is the largest dedicated FinTech hub in the region.
“Batelco has been making inroads into the world of FinTech technology with the recent introduction of its new FinTech product, bWallet, launched in collaboration with Arab Financial Services.”
“We are committed to ensuring the best in class digital and FinTech solutions for Bahrain’s consumers and businesses and this move is another step in the journey towards meeting the Kingdom’s 2030 vision which is high on our agenda,” Bubashait commented.