Batelco today introduced its new BEYON Money brand, in line with its strategy to move beyond its core business and venture into the world of FinTech. The brand reveal took place at a lavish event held at the Bahrain Four Seasons Hotel.
Earlier this year Batelco announced its entry into the world of fintech by establishing a new financial services company following the receipt of licenses awarded by the Central Bank of Bahrain, making it the first telco subsidiary in the GCC to achieve this milestone.
The BEYON Money Super App includes Visa Prepaid Cards, Stored Value Wallet, Open Banking Connectivity, categorization of expenses and financial Insights and fully digital Remittances. It is the first fully digital Financial Super App to deliver direct Open Banking access to consumers in Bahrain, connecting all the banks across the Kingdom in one App. Users will have the ability to view all transactions with their banks and with their cards, as well as transact and transfer funds between accounts and into their digital wallet with ease.
Additionally, BEYON Money is the only Super App in Bahrain that will develop for its users a marketplace to access a wide range of financial products and services, offered by several providers.
The BEYON Money App will be available for pre-registration on beyonmoney.com from 2nd December with full download of the App available to clients that have accessed the waiting list for both IOS and Android by the end of the year.