Thu, 03 February 2022
BFC Payments, the Fintech arm and fully owned subsidiary of BFC Group Holdings, envisions itself to serve the financial needs of those trapped in the cash economy with its disruptive technologies and cutting-edge solutions. With its powerful super-app, BFC Pay, it offers a secure digital wallet to add money, receive salary, easily open an account using eKYC, make use of international remittance at great rates, make local bill payments, make wallet-to-wallet money transfers and much more using three payment methods – BenefitPay app, ATM/Debit card and BFC Pay wallet.
BFC Payments provides digital payment services for Corporates, SMEs and Consumers. One of the flagship features on the BFC Pay App is the LMRA’s Wages Protection System (WPS) compliant digital salary account.
Head of Business Development, Strategic Partnerships & Innovation of BFC Payments, Davis D Parakal, says, “Bringing a superior and innovative customer experience to Bahrain’s FinTech space is part of our overarching strategy and BFC Pay is a major milestone towards it. While offering local and international payments to our Banked customers, BFC Pay will be a salary account for the unbanked segment. Our WPS digital Payroll product works hand-in-hand with the BFC Pay app enabling our corporate and SME clients to disburse the salary straight to customers’ mobile wallet.’’
In the coming months, many new product offerings, merchant tie ups and exciting partnerships will be added on the app to make it a holistic payment solution.
CEO of BFC, Deepak Nair says, “This is a major digital leap for us and is part of the Group’s significant commitment to invest in digital innovation. With BFC powering international remittance on the BFC Pay App, we are delighted to extend our online money transfer services, increasing customer convenience.”