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Middle East & Africa Paytech Trending

LuLu Exchange Bahrain Facilitates use of Arab Financial Services’s BPay App

Money exchange company LuLu Exchange Bahrain has partnered with Arab Financial Services (AFS), the digital payment solutions provider and fintech enabler in the Middle East and Africa, and a leading merchant acquirer in Bahrain to facilitate and promote ‘BPay’ and debit card payments at all LuLu Exchange branches, with the aim of making digital payments easier and more accessible for customers.

The collaboration is part of LuLu Exchange’s ongoing digital transformation drive focused on achieving the vision of a cashless Bahrain economy. Lulu Exchange Bahrain customers can conduct transactions through the BPay app or their debit cards, at any local branch. Customers can now use their BPay app to pay at all Lulu Exchange branches for international remittances with BPay QR payments. In addition, customers can also buy foreign currency through the settlement service.

Users can currently use BPay to purchase goods or services, to send and receive money peer-to-peer (sending money by CPR, telephone number of My QR code), store money for when they need it, store credentials for various payment instruments securely and digitally, remit money (send money internationally), pay bills, use value-added services and more. BPay is also directly integrated into AFS Point of Sale (PoS) terminals using APIs for merchants and corporations.

Amira Ismail, head of merchant acquiring business in Bahrain at AFS, said: “We are constantly looking for ways to grow digital payments acceptance in Bahrain, in line with the evolving needs and expectations of today’s customers. Today, with AFS’s market-leading PoS acceptance systems now available at all LuLu Exchange branches across the Kingdom of Bahrain we are giving access to more customer-friendly, digital payment methods for greater convenience, security and efficiency of payment.”

Edison Fernandez, general manager of LuLu Exchange Bahrain, said: “Our collaboration with AFS aims to provide our valued customers with an efficient and seamless payment experience, while also reinforcing our position as a leading financial services provider in the country. With this move, LuLu Exchange Bahrain can revolutionise the way customers send money and buy foreign currency, making it faster, safer, and more convenient than ever before.”


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