Bahrain & Singapore Link for Global QR Payments

Bahraini fintech firm Benefit and Singapore's Ant International have inked a partnership to introduce cross-border QR payments in Bahrain by 2026. This strategic collaboration will merge Benefit's existing QR payment infrastructure with Ant International's extensive Alipay+ global wallet gateway, significantly expanding payment possibilities.

The agreement is poised to enable over 15,000 merchants across Bahrain to accept QR payments from international users linked to Alipay+. This integration aims to bridge Bahrain with worldwide markets, facilitating seamless transactions for both inbound tourists and local consumers engaging with global e-commerce platforms.

Furthermore, the companies plan to explore outbound payment solutions, allowing Bahraini consumers to utilize local payment methods internationally. This initiative also encompasses knowledge exchange and joint marketing efforts, fostering innovation within Bahrain's digital financial sector and aligning with the Kingdom's vision for a knowledge-based digital economy.