Notice: Trying to get property of non-object in /home/bahrainthisweek/public_html/wp-content/plugins/wordpress-seo/frontend/schema/class-schema-person.php on line 151

Notice: Trying to get property of non-object in /home/bahrainthisweek/public_html/wp-content/plugins/wordpress-seo/frontend/schema/class-schema-person.php on line 226

Notice: Trying to get property of non-object in /home/bahrainthisweek/public_html/wp-content/plugins/wordpress-seo/frontend/schema/class-schema-person.php on line 232
Monday, September 23, 2019

Mastercard Inaugurates First Office in Bahrain

Opening of a dedicated office reinforces Mastercard’s commitment to strengthening its presence in the wider Middle East & Africa region

 Mastercard, a leading technology company in the global payments industry, has inaugurated its first dedicated office in the Kingdom of Bahrain. The move comes as part of its ongoing commitment to the market and drive to provide strong on-ground support to partners across the wider Middle East and Africa region.

To mark the occasion, Mastercard organized an exclusive event for its key stakeholders in Bahrain, where senior Mastercard executives including Raghu Malhotra, President, Middle East and Africa and Khalid Elgibali, Division President, Middle East and North Africa, hosted Mr. Khalid Al Rumaihi, Chief Executive of Bahrain Economic Development Board (EDB), among other local customer banks and officials.

“Mastercard has a long and rich history with the Kingdom, and the opening of our first dedicated office further cements our footprint in the market as we get ever closer to our local partners. We have a robust expansion and growth strategy in place for the region, and the establishment of our formal presence is a key pillar as we look to further meet the market-specific needs of our customers. We look forward to leveraging our global and local expertise and innovation capabilities to roll out world-class payments technologies in this market alongside our partners,” said Raghu Malhotra, President, Middle East and Africa, Mastercard.

“As a prominent financial center in the region, Bahrain is making great strides towards becoming a fintech hub, and through our tailored products and payments solutions, we are excited to play an active role in the future growth and development of the payments sector in the Kingdom,” added Khalid Elgibali, Division President, Middle East and North Africa, Mastercard.

Mr. Khalid Al Rumaihi, Chief Executive of the Bahrain EDB, said: “With our supportive ecosystem, mature regulation and sound governance, as well as a longstanding history as a regional financial center, the financial services industry in the Kingdom is one which continuously evolves to meet the needs of the region. We see many exciting opportunities within the industry, and particularly rapid growth in the Fintech sector, and we are delighted to welcome Mastercard to Bahrain, and its new payments solutions to the market.”

Mastercard’s decision to open its Bahrain office and follow through with it was influenced by EDB’s catalytic role throughout the registration process and the access gained to important local industry players. The office will operate under the name: Mastercard Singapore Holding Pte Ltd – Bahrain Representative Office.

The commencement of Mastercard’s formal operations in Bahrain follows the opening of a dedicated office in Pakistan in late 2016.

MOST READ

Batelco hosts ‘Batelco Talks’ session on Data Protection

In line with its efforts to provide employees with an interactive platform for learning, development and knowledge exchange, Batelco hosted its most recent ‘Batelco...

Gulf Air Prepares for Its 70th Anniversary Celebrations

On the sidelines of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister’s official...

Batelco Supports Youth City 2030

Batelco, in line with its continuous efforts to support and empower the Kingdom’s youth announced its renewed support of the Ministry of Youth &...

Credimax partners with Payment International Enterprise (PIE)

CrediMax and Payment International Enterprise (PIE) have recently partnered up to allow MaxWallet QR payments to be accepted on all PIE mPOS devices. This...

Viva, The Diamond Sponsor of Bahrain Smart Cities Summit 2019

The Kingdom’s leading telecom operator, VIVA Bahrain has been named as the official diamond sponsor of Bahrain Smart Cities Summit 2019 to be held...

ZAIN Bahrain hosts Customer Day to boost its customer experience

As part of its commitment to delivering a superior experience to customers, members of the leadership team at Zain Bahrain, a leading telecommunications provider...

A Milestone for Bahrain – U.S. Strategic Partnership

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, visited the U.S. in order...

9 Beauty Hazards People with Oily Skin should Never Commit

Oily skin is a common skin concern among people all over the world. This type of skin can be attributed to a wide range...

Attain your financial credit reports online through Bahrain.bh

Are you planning to get a bank loan? buy a car? apply for a housing loan? or even enter into a business deal? Your...

Seated Yoga Poses for Stress Relief

Stress is the new age disease due to the fast paced lives we lead. Just juggling multiple tasks throughout the day keeps us wired...

Instagram Posts and IGTV Videos can now be scheduled through Facebook

Facebook has officially released a new update for its Creator Studio which lets business account holders schedule their Instagram posts and IGTV broadcasts up...

Partnership with Private Sector key to achieving food security

Minister of Works, Municipalities Affairs and Urban Planning, Essam bin Abdulla Khalifa, has stressed that partnership with the private sector is essential for enhancing...

BTEA Celebrates KSA’s National Day with an Array of Joyful Celebrations

In preparation for celebrating the Kingdom of Saudi Arabia’s 89th National Day, the Bahrain Tourism and Exhibitions Authority (BTEA) is hosting an exciting range...

HH Nasser bin Hamad hails results achieved by the team members in the Ironman 70.3 World Championship

HH Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Charity Works and Youth Affairs and President of the Supreme...

Bentley announces details of new model year Continental GT as V8 derivative arrives

Bentley has announced new model year details for its ground-breaking Continental GT, the GT V8, and the introduction of new features. A Panoramic Glass Roof...