Benefit, Ant International to introduce cross-border QR payments in Bahrain

Bahraini Fintech steadfast Benefit and Singapore’s integer payments & fintech institution Ant International person entered into a collaboration to present cross-border QR payments successful Bahrain successful 2026.

The concern integrates Benefit’s QR outgo strategy and Ant International’s Alipay+ planetary wallet gateway.

The 2 companies person signed a memorandum of knowing (MoU) to collaborate connected the improvement of cross-border outgo solutions connecting Bahrain with worldwide markets.

As a effect of this partnership, implicit 15,000 merchants successful Bahrain are expected to judge QR payments from planetary outgo partners connected to Alipay+.

At present, Alipay+ is said to nexus implicit 1.8 cardinal idiosyncratic accounts from much than 40 integer outgo partners to upwards of 150 cardinal merchants successful much than 100 markets worldwide.

Both firms said soon they volition besides beryllium exploring the motorboat of outbound outgo offerings via Alipay+.

This would alteration consumers successful Bahrain to utilise their section outgo methods internationally done the BENEFIT network, which links each banks successful the nations, enabling integer payments astatine assorted Alipay+ enabled merchants crossed the globe.

In addition, the confederation includes the speech of cognition and method know-how, arsenic good arsenic associated selling initiatives.

The planned motorboat of Alipay+ successful Bahrain follows caller developments by Ant International successful the Middle East.

This includes the opening of its archetypal Middle East bureau successful Riyadh, Kingdom of Saudi Arabia, arsenic portion of a broader effort to widen collaborations wrong the region.

Beyond Bahrain, Alipay+ is already integrated with 10 nationalist QR outgo schemes successful countries specified arsenic Malaysia, Singapore, South Korea, Nepal, Sri Lanka, and Cambodia, according to Ant International.

Benefit main enforcement Abdulwahed AlJanahi said: “Our collaboration with Ant International volition lend to gathering an precocious infrastructure that strengthens the nexus betwixt section and planetary markets, providing users with secure, seamless, and world-class outgo experience.

“This inaugural represents a pivotal measurement toward processing innovative fiscal solutions that heighten cross-border payments and accelerate integer translation wrong the fiscal sector. It further cements BENEFIT’s relation arsenic a strategical spouse successful shaping a smarter and much sustainable aboriginal for Bahrain’s fiscal ecosystem, successful enactment with the Kingdom’s imaginativeness of a knowledge-based integer economy.”

"Benefit, Ant International to present cross-border QR payments successful Bahrain" was primitively created and published by Electronic Payments International, a GlobalData owned brand.