Batelco seized a key step onward by launching its new-fangled BEYON Money brand, which is in line with Batelco’s plans to move beyond its chief business and venture into the domain of FinTech. The BEYON Money brand’s unveiling took place at the Bahrain Four Seasons Hotel and was graced by the presence of the Governor of the Central Bank of Bahrain.
Batelco’s BEYON Money
Shaikh Abdulla bin Khalifa Al Khalifa, the Chairman of Batelco, was accompanied by the members of Batelco’s Board of Directors and members of the firm’s executives. The former welcomed the eminent officials in the banking and FinTech industry who visited the event.
In the dawn of 2021, Batelco declared its admission into the world of FinTech by launching a new-fangled financial services firm following the reception of licenses awarded by the Central Bank of Bahrain, transforming it into the foremost telco subsidiary in the Gulf to accomplish this breakthrough.
The BEYON Money Super Application is inclusive of Visa Prepaid Cards, Open Banking Connectivity, Stored Value Wallet, financial insights, comprehensive digital remittances, and categorization of expenditure. It is the foremost comprehensive digital Financial Super Application to facilitate direct Open Banking access to customers in Bahrain, by linking all the banks throughout the kingdom in one application. Users will have the capacity to view all transactions with their banks along with their cards, as well as transfer and transact funds into their digital wallets and betwixt accounts respectively.
Also, BEYON Money is the sole Super Application in Bahrain that will mature a marketplace for its users to access a large array of financial products and services, delivered by numerous providers.
Remarking on the release of BEYON Money, Shaikh Abdulla bin Khalifa Al Khalifa, Batelco’s Chairman, stated that the Bahrain government has strived to fabricate the most ideal ecosystem for Innovation in FinTech and the digital economy. Thus, this is the most ideal time for the firm to release this exciting brand dubbed BEYON Money in Bahrain and be optimistic about extending the services over a while into the Arab sphere.
The Chairman of Batelco stated that BEYON Money will play a crucial role in underpinning the progression of payments innovations and digital ecosystems by hastening consumer digital adoption of financial solutions and foreseeing the demand for unified, fast, and secure digital money flow.