Ahli United Bank signs up for retail payments with AFS
Ahli United Bank (AUB), one of Bahrain’s largest banks, has signed with Arab Financial Services (AFS), a payment solutions provider, to utilise the provider’s merchant acquiring solutions.
Bahrain
As part of this partnership, AFS will introduce this payment acceptance solutions to the market at point of sale (PoS) Android devices.
The network will support both international and domestic payment schemes, as well as different payment options including contactless cards, NFC, QR and bwallet.
AFS chairman Sael Al Waary comments: “The launch of AFS’ merchant acquiring business represents an important milestone as we bring market-leading technology to the Bahrain market.”
Abdulla Al-Raeesi, deputy Group CEO, retail banking, AUB, comments: “This initiative is in line with the national objective of increasing the quantum of e-payments and e-services by promoting cashless payment transactions in a variety of sectors with a substantial improvement in operational efficiency.”
“Some of the key features of the acquiring solution includes Integrated multilane solution for hypermarkets, Dynamic Currency Convertor, e-commerce/payment gateway with real time monitoring to list a few,” Al-Raeesi adds.
The launch of the service will take place “over the coming months”, becoming AFS’ first acquiring activity within Bahrain. Its merchant acquiring business has also been rolled out in Oman.
