Bahrain’s leading fintech and payment service provider, Eazy Financial Services (EazyPay) has partnered with Mastercard, a technology leader in the global payments industry, which will now be powered by Mastercard Payment Gateway Services (MPGS).
MPGS is a trusted platform that provides financial institutions with white-label technology for payment processing and fraud prevention. As one of the largest gateways in the region that is utilized by many players in the financial ecosystem, it enables its partners to accept a wide range of digital transactions easily and securely, including all leading card brands and other non-card payment methods.
Companies in Bahrain’s dynamic fintech space play a vital role in cascading access to solutions that can aid digital transformation in the SME sector, which contributes around 30 percent of Bahrain’s gross domestic product (GDP). In line with its Economic Vision 2030, the country has also invested in frameworks that seek to develop a robust entrepreneurship ecosystem.
Nayef Tawfiq Al Alawi Founder & CEO Eazy Financial Services
“Our aim is to add value, and Mastercard’s seamless MPGS technology solution gives us the opportunity to do that. We are united in our vision to make digital and eCommerce payments more seamless, smart, and swift, creating pathways to progress in new ways.”
Mr. Maria Medvedeva, Country Business Manager, Saudi Arabia and Bahrain, Mastercard said that “Mastercard works to co-create a new reality for the digital payments ecosystem. We are delighted to expand the reach of our innovative MPGS technology in Bahrain, in collaboration with EazyPay, to support the GCC nation’s rapidly growing eCommerce industry and ambitious digital transformation strategy. The move strengthens Mastercard’s presence and expands digital payment acceptance in the country.”
Mastercard has committed to driving sustainable growth and inclusion of small businesses across the landscape, and its fintech partnerships are delivering experience-centric, innovative solutions across the financial services ecosystem.
In addition to its growth-focused digital expertise, Mastercard has the global reach, network of partners, and local knowledge to collaborate with fintech companies at every stage of growth through the Mastercard Accelerate portfolio. The technology company partners with a variety of stakeholders, including fintech innovators, to connect 1 billion people to the digital economy by 2025, including 50 million small businesses with a direct focus on 25 million women entrepreneurs.
