Visa is teaming up with Bahrain FinTech Bay to boost the financial technology ecosystem in the Kingdom.
Opened last year with government-backing, Bahrain FinTech Bay is a hub
for all things financial technology, providing co-working spaces, communal
areas, workstations, hot desks, and a variety of other shared infrastructure
designed to attract international corporate innovation labs and fintech
start-ups.
The venture has already amassed around 100 partners and has now signed up Visa,
which will focus on the development of joint innovation and educational
initiatives alongside a payments focused event to discuss the latest trends in
payments, e-commerce, security and risk.
Dylan Kaloo, country manager, Bahrain, Visa, says: “We look forward to
working with startups and innovators to foster and potentially bring new
payment experiences to life in a secure and scalable manner.”
Bahrain is one of several Middle East centres building a dedicated
infrastructure to capitalise on an expected boom in fintech innovation over the
coming years, propelled by a large unbanked population, VC inflows and the
rapid emergence of a host of new startups.
SimCorp, a leading provider of investment management solutions and services to the global financial services industry, has…
The UK's major banks are to pump £6.5 million into a project to reform the…
A well-known market intelligence company, Infiniti Research, has announced the completion of their recent article…
German digital bank N26 has launched in the US, beginning a phased roll out of…
Toronto-based fintech, Sensibill, announced that it has secured $31.5 million USD in Series B funding. The…
India’s L&T Infrastructure Finance Co Ltd will get USD 100 million (EUR 88.9m) in debt…