NBK Bahrain forms corporate payment partnership with Arab Financial Services
National Bank of Kuwait (NBK) Bahrain has formed a strategic partnership with MENA-based digital payment solutions provider Arab Financial Services (AFS) to provide its corporate clients with payment technology services.
AFS’s payments technology will give the bank’s merchants and corporate customers “smart, secure, and convenient” payments acceptance platforms, as well as a range of benefits and value-added services, while its payment tools can integrate with existing merchant platforms.
Among the benefits offered by AFS are acceptance of all major card schemes, currency conversion, loyalty programs, “easy” payment plans, analytics, and bill payment and merchant lending.
Samer Soliman, chief executive officer of AFS, said: “We are pleased to offer NBK customers advanced technology that facilitates payment operations. AFS’s pioneering payments technology will enhance the experience for all NBK customers, giving them a more convenient payment solution.
“In addition, our technology contributes significantly to the progressive expansion of digitized payment.”
Ali Fardan, general manager of NBK Bahrain, added: “We are pleased with our partnership with Arab Financial Services Company, the leading provider of digital payment solutions and enabler of financial technology in the Middle East and Africa region.
“These integrated payment solutions will support local payment systems and push financial technology as NBK seeks to serve its corporate clients with the latest and smartest payment methods.”
AFS is regulated by the Central Bank of Bahrain and is majority-owned by Bank ABC.
Its product and service offering spans debit, credit, and Islamic card processing, merchant acquiring, and fintech.