Spare and Eazy Financial Services team on open banking in Bahrain

Spare and Eazy Financial Services team on open banking in Bahrain

Spare, an open banking platform licensed by the Central Bank of Bahrain, has announced its partnership with Eazy Financial Services “EazyPay”, a leading Bahraini Payment Services Provider specializing in POS and online payment gateway acquiring solutions to embrace opportunities in Open Banking.

The partnership was officially signed by Abdulaziz AlOthman, General Manager of Spare in Bahrain, and Nayef Tawfiq Al Alawi, Founder & CEO of Eazy Financial Services, with the goal of contributing to the shared objective of accelerating the adoption of open banking services in the Kingdom, in line with Bahrain’s 2030 economic vision, which seeks to further strengthen the financial sector.

Through this partnership, EazyPay will enable its merchants to accept open banking payments powered by Spare, which will add to the current options available to merchants. Businesses of all sizes will be able to capitalize on a more secure and convenient form of collection through the enhanced level of service powered by open banking. Customers will benefit from seamless payment solutions whereby they can pay directly from their bank account. This