In order to take advantage of the opportunities in open banking, Spare, an open banking platform licensed by the Central Bank of Bahrain, has announced its partnership with Eazy Financial Services ‘EazyPay,’ a Bahraini payment services provider specializing in POS and online payment gateway acquiring solutions.
Abdulaziz AlOthman, general manager of Spare in Bahrain, and Nayef Tawfiq Al Alawi, founder, and CEO of Eazy Financial Services formally established their partnership with the intention of advancing their shared goal of hastening the uptake of open banking services in the Kingdom in line with Bahrain’s 2030 economic vision, which aims to further strengthen the financial sector.
In addition to the current options available to merchants, this partnership will allow EazyPay’s merchants to accept open banking payments powered by Spare. Because of the improved level of service made possible by open banking, businesses of all sizes will be able to benefit from a more convenient and secure method of collecting payments. Customers will profit from seamless payment options that allow them to make payments straight from their bank accounts. Through this partnership, EazyPay will also be able to use Spare’s open banking connections to offer its customers new goods and services.
Abdulaziz Alothman, General Manager at Spare, commented, “We are thrilled to have EazyPay on board with us for open banking services. Adopting Spare’s innovative transaction solution will undoubtedly bring great benefits to consumers with a seamless and hassle-free experience while allowing them to enjoy new, personalized financial services.”
Eazy Financial Services, Founder & CEO, Nayef Tawfiq Al Alawi, commented, “We are excited to partner with Spare, in line with our ongoing commitment to deliver beyond conventional payment practices and innovative solutions with the ease and speed that customers want. We believe that establishing these partnerships, especially with key ecosystem players, will allow various players to acquire the necessary capabilities and deliver innovative and unique propositions to a wide range of customers in the Kingdom and the region. We look forward to fostering a productive relationship with Spare for many years to come.”