Skip to content
Eastern Europe Journal

Eastern Europe Journal

All about Sports, Politics, Business News

  • Home
  • Business
  • News
  • Politics
  • Sports
  • Technology
  • Home
  • Technology
  • i2c Partners with BEYON Money and Visa to Launch First Open Banking Super App in Bahrain | News
  • Technology

i2c Partners with BEYON Money and Visa to Launch First Open Banking Super App in Bahrain | News

Eastern Europe Journal 4 years ago

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Dec 2, 2021–

i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with BEYON Money, the mobile super app launched by Batelco Financial Services, which is the fintech arm of Bahrain’s leading digital solutions and telecommunications provider.

Backed by a recently-secured, first-of-its-kind open banking license from the Central Bank of Bahrain, the BEYON Money super app will host a digital wallet that enables retail, bill, and peer-to-peer payments for its users, connects to bank accounts through open banking, delivers financial insights and provides digital remittances. BEYON Money will develop card issuing and processing functionalities through i2c’s agile banking and payments platform which will also integrate additional partners and services.

Through i2c’s Fintech Fast Track certification, BEYON Money will tap into Visa’s network infrastructure to launch a digital-first debit program to the market with a physical card option available upon request. Additionally, i2c has integrated with local switch, Benefit, connecting consumers to billers across Bahrain, allowing them to pay utilities, rent, mobile, and more via their smartphone. The app is backed by the Central Bank of Bahrain.

“We are proud to partner with BEYON Money and its visionary team as they work to reimagine everyday financial life for their country,” said Aurangzaib Khan, General Manager, MEA Region of i2c Inc. “Our building block technology was designed to help visionaries like Batelco Financial Services to create new possibilities in banking and payments, and their BEYON Money super app is a perfect embodiment of that philosophy.”

According to the World Bank’s Global Findex report, nearly one in five individuals in Bahrain are unbanked, while the nation enjoys a 131% mobile penetration rate. With this super app, Batelco is looking to leverage its leadership position in mobile to accelerate financial inclusion across the nation, with plans to expand to more countries in the near future.

About Batelco Financial Services

Batelco Financial Services Company is located at Batelco’s headquarters in Hamala and comprises a team of national and international expertise in fintech. The newly established company will offer a range of solutions and services for consumers and SMEs, to provide an integrated and seamless banking experience under one platform.

About i2c Inc.

i2c is a global provider of highly-configurable payment and banking solutions. Using i2c’s proprietary “building block” technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c’s next-generation technology supports millions of users in more than 200 countries/ territories and across all time zones. For more information, visit www.i2cinc.com and follow us at @i2cinc.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211202005067/en/

CONTACT: Heather Clifton

Chief Marketing Officer

[email protected]

KEYWORD: AFRICA BAHRAIN UNITED STATES NORTH AMERICA MIDDLE EAST EUROPE CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES SMALL BUSINESS TECHNOLOGY MOBILE/WIRELESS SOFTWARE FINANCE BANKING

SOURCE: i2c Inc.

Copyright Business Wire 2021.

PUB: 12/02/2021 10:23 AM/DISC: 12/02/2021 10:23 AM

http://www.businesswire.com/news/home/20211202005067/en

Copyright Business Wire 2021.

Tags: App Bahrain Banking BEYON i2c launch Money News open Partners super Visa

Continue Reading

Previous: Press and media councils from South East Europe and Turkey adopt a Joint Declaration to strengthen media ethics in the digital ecosystem – India Education | Latest Education News | Global Educational News
Next: bne IntelliNews – LONG READ: East Europe fares better than West in gas crisis thanks to pricing terms

Related Stories

East Europe Ka Ranveer Allahbadia … and other memes go viral after Donald Trump and Volodymyr Zelensky’s public spat East Europe Ka Ranveer Allahbadia … and other memes go viral after Donald Trump and Volodymyr Zelensky’s public spat
  • Technology

East Europe Ka Ranveer Allahbadia … and other memes go viral after Donald Trump and Volodymyr Zelensky’s public spat

Eastern Europe Journal 1 week ago
Advancing carbon capture and storage technologies across Europe Advancing carbon capture and storage technologies across Europe
  • Technology

Advancing carbon capture and storage technologies across Europe

Eastern Europe Journal 4 weeks ago
Allegro Makes  Billion East Europe Expansion to Rebuff Amazon Allegro Makes $1 Billion East Europe Expansion to Rebuff Amazon
  • Technology

Allegro Makes $1 Billion East Europe Expansion to Rebuff Amazon

Eastern Europe Journal 12 months ago
Bulgaria | OECD Bulgaria | OECD
  • Technology

Bulgaria | OECD

Eastern Europe Journal 12 months ago
Nokia and UG to Deploy Fibre Services Across South East Europe Nokia and UG to Deploy Fibre Services Across South East Europe
  • Technology

Nokia and UG to Deploy Fibre Services Across South East Europe

Eastern Europe Journal 1 year ago
More trains between Northern and South-East Europe for Hupac More trains between Northern and South-East Europe for Hupac
  • Technology

More trains between Northern and South-East Europe for Hupac

Eastern Europe Journal 1 year ago

Express Posts

East Europe Ka Ranveer Allahbadia … and other memes go viral after Donald Trump and Volodymyr Zelensky’s public spat East Europe Ka Ranveer Allahbadia … and other memes go viral after Donald Trump and Volodymyr Zelensky’s public spat
  • Technology

East Europe Ka Ranveer Allahbadia … and other memes go viral after Donald Trump and Volodymyr Zelensky’s public spat

Eastern Europe Journal 1 week ago
A notable confrontation unfolded in the Oval Office between former US President Donald Trump and Ukrainian President Volodymyr Zelensky on February 28. Last week saw... Read More
Advancing carbon capture and storage technologies across Europe Advancing carbon capture and storage technologies across Europe
  • Technology

Advancing carbon capture and storage technologies across Europe

Allegro Makes  Billion East Europe Expansion to Rebuff Amazon Allegro Makes $1 Billion East Europe Expansion to Rebuff Amazon
  • Technology

Allegro Makes $1 Billion East Europe Expansion to Rebuff Amazon

Bulgaria | OECD Bulgaria | OECD
  • Technology

Bulgaria | OECD

Nokia and UG to Deploy Fibre Services Across South East Europe Nokia and UG to Deploy Fibre Services Across South East Europe
  • Technology

Nokia and UG to Deploy Fibre Services Across South East Europe

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
Copyright © Easterneuropejournal.com All rights reserved.