CBB to launch national e-wallet

Manama : The Central Bank of Bahrain (CBB) announced that it is working closely with Benefit to launch the first phase of the national electronic wallet by the end of June this year.

The wallet will enable instant payments via smart phones and will facilitate the collection of payments electronically through debit, credit and prepaid cards and online bank accounts, for online and in-store purchases. Customers will also be able to transfer funds using the wallet for Fawri, Fawri Plus, online bill payment and other types of payment services that will be available in future.

Shaikh Salman bin Isa Al Khalifa, Executive Director of Banking Operations at the CBB commented, “The national electronic wallet serves as an important step in enhancing the financial sector.”