Arab Financial Services launches payment acquisition and acceptance services in Egypt


Manama, Kingdom of Bahrain: Innovative payment platform Arab Financial Services (AFS) today announced the launch of its acquiring payment services in Egypt. The launch will enable Egyptian businesses to leverage AFS payment services, delivering faster, more cost-effective and data-enriched solutions.

Egyptian businesses now have access to key AFS offerings including payment acceptance, dynamic currency conversion, data and AI. AFS’ extensive suite of payment products includes software point-of-sale, expense management, online payment acceptance capabilities, issuance processing services and wallets, and will be gradually rolled out to market.

After gaining approval from the Central Bank of Egypt earlier this week, AFS has already onboarded 15 traders to its platform.

“We have tested the AFS product suite in-store and love it,” said Islam Abu El Ftouh, CEO of Quick Air Travel, one of the first companies to use AFS payment products in Egypt.

“Having a POS system with integrated payments and omnichannel solutions has transformed the way we can run our business, making it a simple and seamless process. We are delighted to have been able to switch to AFS and feel much more confident in our ability to grow, ensuring we never miss a sale, as we look to the future.

Samer Soliman Arab Financial Services (AFS) CEO said, “We are excited to expand our services to Egypt, a natural next step after establishing a strong presence in our home markets as we started in the Kingdom of Bahrain and quickly expanded to Oman. and now Egypt to serve our customers.

Earlier this year, AFS announced its intention to expand its presence in new geographies, including Egypt, as a major strategic market for the company’s activities. With Arab Financial Services (Egypt), there will be a dedicated offering of the latest digital payment solutions and technological innovations to businesses, merchants and financial institutions across Egypt. Arab Financial Services (Egypt) offices are located at 90th Street (North) Parcel Number: B-39, Fifth Settlement, New Cairo.

Regulated by the Central Bank of Bahrain and majority owned by Bank ABC, AFS offers many revolutionary end-to-end digital payment services and solutions. These cover debit, credit and Islamic card processing, merchant acquiring, fintech and a suite of industry-leading value-added services. Providing the highest quality payment solutions that businesses trust, AFS has offices and data centers in Bahrain, United Arab Emirates and Oman. Its dedication to innovation has positioned AFS as a market driving force offering a rich portfolio of payment solutions, including popular digital mobile wallets, market-leading merchant acquiring services, leading digital payroll solution from Bahrain, global contact centers and more.

About AFS:
Arab Financial Services was established in 1984 to provide payment products, services and expertise to banks and merchant groups and provide customized payment solutions in an increasingly divergent, disruptive and dynamic payment ecosystem.

The key to the company’s continued growing success was a management team committed to investing in the latest cutting-edge technologies. AFS is owned by a total of 37 banks and financial institutions and serves more than 60 customers in more than 20 countries in the MEA region.

Today, AFS is the region’s leading provider of digital payment solutions and a Fintech enabler, regulated by the Central Bank of Bahrain.

AFS’ innovative approach to providing financial services is exemplified by a series of pioneering payment services that span card processing services, merchant acquiring, fintech solutions and an impressive range of value-added services. added.

AFS’ focus on innovation has positioned the company as a driving force in the market, offering a rich portfolio of payment solutions including digital mobile wallets, customer-facing merchant acquiring services; Al Rateb, Bahrain’s leading digital payroll solution, global contact centers and more.

Recognized by businesses across the region, AFS has been recognized as the “Best New Payments Solution Provider for MSMEs Business Bahrain 2022” by Global Business Magazine, the “Leading Payments Innovator Bahrain 2021″ by World Business Outlook and the ” Best Payment Solution Provider Bahrain 2021″. by Global Banking & Finance Review.

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