AFS, Zenjex tie up to offer services to Bahrain’s unbanked

AFS, Zenjex tie up to offer services to Bahrain’s unbanked

Arab Financial Services (AFS) has signed an agreement with Zenj Exchange (Zenjex) that will enhance AFS’s Wage Protection Scheme (WPS) with a range of value-added payment services. These services include fast secure, and efficient global money remittances and cash-out transactions from any Zenjex branches.

AFS’s WPS solution is Bahrain’s first digital payroll solution, serving the unbanked community. It is a convenient and simple wage protection system that enables employers to pay wages digitally to those of their employees who do not have a bank account.

Samer Soliman, Chief Executive Officer at AFS commented: “As the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, AFS’s partnership with Zenjex is enriching our WPS offering. We are pleased to be extending our WPS services to a larger audience with this partnership with Zenj Exchange. We always partner with strong players in the market to deliver value-added services and attractive, relevant digital payments products that accelerate financial inclusion. I am pleased to partner with Zenj Exchange for this goal.”

Upload wages

The AFS WPS solution is available to all employers regardless of their workforce size. The service allows employers to securely upload wages and benefits onto payroll cards through an online portal