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18 Oct 2018

BFC signs up for Optimum

Amthal Group is pleased to announce that one of the most prestigious finance and the leading Money Transfer & Currency Exchange company in the Kingdom of Bahrain, Bahrain Financing Company (BFC), has opted to develop an integrated WPS, Cards Management and e-Wallet systems with Al-Amthal. The innovative Optimum Wage Protection System (WPS) is developed to provide a modern and easy salary bank transfer solution to thousands of unbanked employees in the Kingdom of Bahrain. Commenting on BFC’s sign up with Al-Amthal, Mr. Ali Fakhreddine, CIO of BFC Group Holdings said, “As part of our ambitious strategy to provide modern financial services solutions, we are particularly proud of taking this step and signing up with an industry leader such as Al-Amthal at the GITEX platform.” This e-Wallet or digital wallet system is an online service that allows an individual to make electronic transactions via their mobile phone or personal computer without having to open their own bank account. Optimum WPS will help users who need to make financial transactions but do not have a bank account for whatever reason, which will make plenty of lives so much easier and more efficient. “We are very thankful for our esteemed customer’s trust invested in Al-Amthal in view of such a high profile financial system, and I am sure that our expertise and experience will prove to be extremely useful and beneficial to the many end users, taking the provision of modern financial services to another innovative level,” said Mr. Hani Awachi, CEO of Al Amthal Group on the occasion of the formal signing of the agreement at the Bahrain Pavilion of GITEX 2018 held in Dubai.