GIG Bahrain becomes the first insurance company in the MENA region to accept Crypto Payments via EazyPay & Binance Pay

GIG Bahrain becomes the first insurance company in the MENA region to accept Crypto Payments via EazyPay & Binance Pay

Bahrain Kuwait Insurance Co. (GIG Bahrain) announced today that it has signed a payment services agreement with Eazy Financial Services “EazyPay”, Bahrain’s leading and most innovative payment services provider.

The agreement was held at the headquarters of the Bahrain Kuwait Insurance Company in Seef Area, in the presence of Dr. Abdulla Sultan CEO of GIG Bahrain, and Nayef Tawfiq Al-Alawi, Founder & CEO of Eazy Financial Services and Tameem Al Moosawi General Manager of Binance Bahrain.

As part of the agreement, Bahrain Kuwait Insurance Co. (GIG Bahrain) will be provided with a series of electronic payment services to help enhance business operations and therefore offer its customers an enhanced experience.

These services include providing GIG Bahrain with state-of-the-art Point-of-Sale (POS) Terminals placed at its outlets to accept all types of Debit and Credit cards from Visa & MasterCard, including the acceptance of the latest method of payment using Crypto assets via “Binance App”, which is regulated by the Central Bank of Bahrain, making GIG Bahrain the first insurance company in the MENA region to accept premium payments as crypto assets payments in regulated, secure and extremely fast manner.

The benefits of bringing in EazyPay to BKIC will ensure simple and effective transaction journeys for