Manama: Arab Financial Services (AFS), the MEA region’s leading payment solutions provider and FinTech enabler, has installed the first Android-based POS terminals in Bahrain, through its merchant acquiring services. This comes as part of the company’s mission to provide innovative merchant acquiring solutions that revolutionize the business of payments and further develop the region’s future financial landscape.
AFS is also rolling out this new, market-leading technology across the region and is already live with banks in Oman and Bahrain. AFS’ portable Android POS devices give merchants and customers access to state-of-the-art tools for payment that can easily integrate with merchant’s existing platforms. These all-in-one payment solutions will be able to support international and domestic payment schemes and FinTech payment options including contactless cards, NFC, QR, biometric, Apple Pay, Samsung Pay and mobile wallets (such as AFS’ award-winning mobile payments solution, bwallet).
“AFS has taken a significant step forward in the merchant acquiring business – shaping the future of payments acceptance and leveraging our expertise to deliver the solutions of choice for businesses and consumers. We are dedicated to investing in the development of cutting-edge payments and FinTech infrastructure and products to provide innovative solutions for businesses. We look forward to delivering a new, technology-driven solution that will appeal to, and benefit, a broad spectrum of merchants across Bahrain while further supporting the Kingdom’s vision of becoming a digital economy,” B Chandrasekhar, Chief Executive Officer of AFS, said.
AFS serves over 75 clients across the financial sector in more than 21 countries. It is owned by 39 banks and financial institutions and regulated by the Central Bank of Bahrain. The company offers innovative and end-to-end payment services and solutions that span card processing, merchant acquiring, FinTech and a state-of-the-art value-added services suite. AFS has offices and data centers in Bahrain, UAE and Oman, and was the first processor in the region to become Payment Card Industry Data Security Standard (PCI DSS) 3.2 certified. Recipient of several global awards, AFS has most recently been recognized as of ‘The Most Innovative FinTech Solution Provider 2018’ at the GCC Enterprise Awards 2018 and ‘Best Payment Service Provider – Bahrain 2017’ by Global Banking and Finance Review.