Advancing Kingdom's fintech landscape, stc Bahrain has become the first telecom operator in the Kingdom to accept cryptocurrencies. The company has partnered with Eazy Financial Services, a leading Bahraini Payment Services provider specializing in POS and online payment gateway, which will allow stc customers wherein customers can pay with cryptocurrencies using their Binance wallet.
With consumers increasingly opting for new payment methods that are simple yet secure, cryptocurrencies are rapidly becoming popular across the globe and the region. This collaboration with Eazy Financial Services is a strategic step from stc Bahrain towards expanding the payment options with the future of currency to address the increasing demand for flexible and easy-to-use crypto payments. Moreover, it further signifies stc Bahrain’s commitment to advancing the Kingdom’s fintech landscape.
Commenting on the partnership, stc Bahrain CEO Nezar Banabeela, said: “Rapid digitization across the globe is transforming all aspects of our lives, and payments are the most crucial element. From online shopping and streaming videos to money transfers, almost every digital activity relies on a payment system. We are incredibly proud to be the first telecom operator in Bahrain to accept cryptocurrency payments, a demonstration of our strong focus on advancing Bahrain's fintech sector as world-class digital enablers. We continue to leverage the potential of the digital economy, which is limitless, make accepting crypto a seamless process and increase adoption as crypto is the future of payments.”
Nayef Tawfiq Al Alawi, Founder & CEO of Eazy Financial Services, expressed his delight saying: We are very proud today to become the partners of STC Bahrain, The world-class digital enabler. This Partnership enables stc Bahrain to be the first telecom operator in the Kingdom to accept cryptocurrency payments in a regulated, secure and extremely fast manner. The benefits of bringing in EazyPay to STC Bahrain will ensure simple and effective transaction journeys for customers, with a partner which is able to ensure first-class service.
Tameem Al Moosawi, General Manager at Binance Bahrain, said: "stc is known to be at the forefront of technology and innovation and, with this partnership, has set the benchmark for how telecom operators can enable the transition to the Web3 economy by accepting crypto payments. We are excited to be collaborating in this space to streamline services for customers and is once again a testament to Bahrain's progressive regulatory framework and banking structure"
stc Bahrain customers can use “Binance Pay” in a fast and extremely secure way to pay for products and services in real-time with cryptocurrency, simply by scanning the QR from Eazy’s POS using their Binance App and paying with their preferred cryptocurrency.
Eazy Financial Services is licensed by the Central Bank of Bahrain specializes in point-of-sale (POS) and online payment gateway acquiring solutions. The institution partnered with Binance in September to allow the acceptance of cryptocurrency payments using “Binance Pay” over “EazyPay” 5000+ Point-of-Sale (POS) Terminals & Online Payment gateaways across the Kingdom.
Source: https://www.stc.com.bh/media-center/template?id=2890