Jingle Pay, the Super Monetary App for the Middle East, North Africa and Pakistan (MENAP), Offers Expats the World’s Leading Remittance Market
Manama, Kingdom of Bahrain: Arab Financial Services (AFS), the leading virtual payment response facilitator and fintech facilitator in the Middle East and Africa, has signed a strategic alliance with Jingle Pay, a monetary superapp, to provide Bahrain outdoor payment serving GCC residents.
Jingle Pay, the monetary superapp for the Middle East, North Africa and Pakistan (MENAP), offers expats the world’s leading remittance market. , instant, no-charge cash transfers to over 160 countries and over 99 currencies, P2P invoices that aggregate invoice splitting, AI-integrated monetary analysis, plus other value-added services.
Samer Soliman, CEO of AFS, commented: “Part of AFS’s good fortune and expansion strategy lies in partnering with market disruptors to create cutting-edge responses that fill gaps in the most classic offerings provided in today’s invoice ecosystem. This has proven to have a significant impact on our local and regional economy and further develops and improves the mechanics of the public finance industry.
Jingle Pay aims to make life less difficult for young adults looking for an instant, available, and easy-to-use app to meet their daily monetary needs. The International Fund for Agriculture and Development, a firm of the United Nations, states: “One billion other people in the world. . . They care about remittances. Every year, two hundred million migrant workers send cash home and 800 million others. . . They derive benefits from those flows. [1] As a result, Jingle Pay has evolved its first global market for cutting-edge remittances, while also detecting the key role remittances play in contributing to GDP and achieving equal sources of income in the MENAP region.
Amir Fardghassemi, Managing Director of Jingle Pay, said: “Through this strategic collaboration, Jingle Pay will serve as the virtual money generation arm of AFS’s mobile customer business. AFS will provide end-to-end Jingle Pay users in Bahrain, from virtual integration to processing transactions made with the Jingle Pay app. Ultimately, customers can expect a loose, instant account opening accompanied by various instant payment and cash movement services, one of which is Jingle Country’s leading global remittance marketplace, enabling users to send cash to more than 160 countries at the most productive exchange rates. “
Following the successful launch in the UAE, AFS/Jingle Pay is expected to enter the Bahrain market in the fourth quarter of 2022.
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About AFS:
Arab Financial Services was established in 1984 to provide payment products and expertise to banks and merchant teams and provide custom-designed payment responses in an increasingly divergent, disruptive and dynamic payment ecosystem.
Key to the development and continuity of the company’s good fortune was a control team committed to making an investment in the latest state-of-the-art technologies. AFS is owned by a total of 37 banks and money establishments and serves more than 60 consumers in more than 20 countries. in the MEA region.
Today, AFS is the leading provider of virtual payment responses in the region and a Fintech facilitator, regulated through the Central Bank of Bahrain.
AFS’s cutting-edge technique for money delivery is highlighted through a number of pioneering payments spanning card processing, merchant acquisition, fintech responses, and an impressive diversity of value-added matrix.
AFS’s innovation has positioned the company as a market driving force, providing a rich portfolio of payment solutions, adding virtual mobile wallets, customer-facing merchant sourcing services; Al Rateb, Bahrain’s leading virtual payroll solution, cloud touch centers and more.
Recognized through enterprises across the region, AFS (and its products and services) has been identified as the “Best New MSME Payment Solutions Provider in Bahrain 2022” through Global Business Magazine, “The Most Innovative New Digital Payment Solution for SMEs 2022” through Global Business Insights and “Best Bahrain Expense Management Platform 2022” through World Economic Magazine.
Visit www. afs. com. bh for more information and sign up for the verbal exchange on LinkedIn.
About Jingle Pay:
Jingle Pay is a super currency app from MENAP, giving its users a fast, no-cost and no-obligation virtual account to reliably store, spend and send cash in over 160 countries, in over 99 currencies, at the most productive time. global exchange rate. Jingle Pay operations span the entire MENAP region with a presence in the United Arab Emirates, Bahrain, Pakistan and Egypt. For more information, visit jinglepay. com and follow us on @JinglePay on social media.
[1] https://www. ifad. org/en/web/latest/-/12-reasons-why-remittances-are-important
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