COVID-19 accelerates Bahrain banks’ digital transformation – Saudi Gazette

SourceSaudi Gazette
SectorFinancial Services

MANAMA — Bahrain Association of Banks (BAB) stressed that the Bahraini banking and financial institutions were able, in a short period of time, to provide many additional digital services to customers to meet the precautionary measures of social distancing imposed by the pandemic COVID-19. The association added that this would not have happened so quickly without the great investment implemented by those institutions over the past years in digitization. Dr. Waheed Al Qassim. CEO of Bahrain Association of Banks said that the efforts taken by Team Bahrain led by Crown Prince have been tremendously effective to move the country to a more cashless society and reducing physical interactions for the safety and wellbeing of the citizens. As a result, the Central Bank of Bahrain (CBB) has increased the NFC (contactless) more...