Visa Joins Up with Bahrain Fintech Bay

written by

Visa Joins Up with Bahrain Fintech Bay

Support free journalists: > send a tip

Global payments service provider and credit card issuer Visa has entered a new partership with the Bahrain Fintech Bay to further support the development of cutting-edge financial technology in the Middle East nation, according to local media outlet Tahawul Tech.

The new partnership is to focus on developing joint innovation and educationa initiatives, with a focus on payments, taking into account all the latest discussions on payments, security, e-commerce and financial risk. This should also result in spillover, as Bahrain Fintech Bay is also an active participant across the Fintech Consortium platform, of which Silicon Valley and Singapore are also members.

Bahrain FinTech Bay CEO Khalid Saad said:

“As Bahrain and the region’s FinTech ecosystem continues to develop coupled with Bahrain FinTech Bay’s deepening connections to global centers of fintech innovation, the partnership with Visa will be instrumental in furthering this development.”

Visa’s Bahrain Country Manager Dylan Kaloo also hoped this partnership would “bring new payment experiences to life in a secure and scalable manner.”

In February, the Bahrain central bank launched a blockchain sandbox a month after blockchain was used to store tamper-free diplomas by the University of Bahrain, only the latest in a series of pro-blockchain moves by the Gulf nation.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

Latest on Bitcoin News

   Advertisement