A powerful and robust platform, set up for success

At the heart of a region in which the FinTech industry is projected to boom in the coming years, Bahrain is pushing forward with initiatives that will make it become the Gulf’s FinTech hub. These initiatives unlock opportunities for international Payment Service Providers (PSPs) and payment support services to meet Bahrain’s growing demand for payment solutions.

Regulatory
Sandbox

Allows start-ups and fintech firms to develop and test innovative banking ideas and solutions in a safe environment.

Crowdfunding Regulations

Platform that enables the establishment and growth of both equity and debt-based crowdfunding activity.

Invest in the GCC’s best-equipped FinTech centre

With its ability to attract financial consumers far more efficiently than traditional methods, FinTech is set to take off across the GCC region. Bahrain has all the elements for entrepreneurs to pursue a competitive FinTech strategy, making it the perfect domestic and regional base.

An exceptional local market makes Bahrain ripe for FinTech

  • $6.47bn

    Value of Bahrain’s FinTech industry in 2020 based on projected 10.2% CAGR

  • 120%

    Bahrain’s mobile and broadband penetration rate, among the highest in the GCC

120%

penetration rate in mobile and broadband–amongs the highest in the GCC

#4

in government ICT usage, with the same score as Japan, Spain and the United States

Making ICT business opportunities easy

With an annual growth greater than the rest of the GCC, it’s no surprise that Bahrain has the best ICT infrastructure in the entire Middle East and North Africa region. The ICT market is expected to reach USD 2.7 billion by 2020, the fastest growth rate in the GCC.

Robust ICT infrastructure

Ranked first in the Middle East and North Africa region for ICT infrastructure, Bahrain has exactly what global industry leaders need to set up a base in the region’s freest economy.

Institutional readiness

A thriving ICT sector needs a firmly supportive government to make it expand and advance. Bahrain leads the entire region in eGovernment development and ranks seventh in the world.

Extraordinary rising demand

Bahrain ranks in the top ten worldwide for mobile subscriptions, internet users and broadband subscriptions.

Commercial freedom

Bahrain’s ICT sector was fully liberalised in 2004—the first in the GCC to do so. A highly liberal economy, Bahrain allows operation of your business with minimal red-tape.

Who’s here?

Come to Bahrain and be part of a FinTech community that is earning a reputation for innovation. We are already a focus for successful, leading-edge businesses with exciting technologies, particularly in card and mobile payment processing, as well as third-party administration (TPA).

NEC Payments

Provides secure transactions across different devices and platforms including payment cards, ATMs, mobile and online banking.

Payment International Enterprise (PIE)

A leading specialist in pre-paid, mobile and NFC solutions in Bahrain.

Arab Financial Services (AFS)

Offers PCI-compliant card payments and outsourced consumer finance.

Benefit

Bahrain’s Electronic Network for Financial Transactions.

PayTabs

Provides convenient and secure online payment solutions for individuals and organizations to transact globally.

SADAD

Facilitates and streamlines a wide range of payment transactions within Bahrain.

Learn how NEC Payments meets ever-increasing customer demands for secure transactions across different devices and platforms.

See why this B2B payment processing and fraud protection system chooses Bahrain as its operational hub.

Bahrain’s financial sector has been around for 40 years, making it the GCC’s most established & the largest financial sector.

Learn why Bahrain is the best place for finance in MENA

Additional resources

Download additional materials on Bahrain’s payments services sector to read at your own convenience.

Financial Services in Bahrain

A compelling case for financial institutions establishing regional base in Bahrain.

Download PDF

Bahrain for FinTech

Additional details about the ways Bahrain’s policies support FinTech.

Download PDF

Bahrain for Financial Support Services

Give your support business the edge in the Middle East’s financial capital

Download PDF

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