‘Eazy’ to launch first ever biometric payment network

Manama : Eazy Financial Services B.S.C., a Bahraini Fintech company, is gearing up to launch the region’s first biometric payment network.

Featuring an integrated fingerprint solution as an alternative to the traditional cash and card methods, this will be the first of its kind financial technology to be launched in the region and will further serve to strengthen Bahrain’s standing as a tech hub.

The fingerprint solution is a first of its kind alternative payment technology to be introduced in the Kingdom and uses biometric data from its users to enable them to perform everyday financial transactions. This innovative solution is patented at the United States Library of Congress and addresses the challenge of providing an alternative method to the traditional cash and cards payment that provides utmost security and is fast and convenient.

“This revolutionary financial technology is the first of its kind to combine the security of biometrics with the speed and convenience of cardless and paperless payment. To benefit from this solution, customers will be required to enroll through participating financial institutions by registering their fingerprints. All users will receive a PIN and once activated, they will be able to make any payment without the need to carry their wallets or any devices. The fingerprint is enough to make a transaction and the PIN will be used to authenticate for additional security,” Khaled Al Ahli, Chief Executive Officer of Eazy Financial Services stated, adding that the service will be launched in the next quarter.