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EazyPay launches cryptocurrency payments via Binance Pay for the first time in the Middle East with the support of CBB

September 23, 2022
finance & economy

Eazy Financial Services “EazyPay”, a leading Bahraini financial institute specialized in Point-of-Sale (POS) & Online Payment Gateway Acquiring services licensed & regulated by the Central Bank of Bahrain, has recently announced its strategic partnership with Binance, the global leader in blockchain & cryptocurrency platform, the acceptance of cryptocurrency payments using “Binance Pay” over “EazyPay” 5000+ Point-of- Sale (POS) Terminals & Online Payment gateway across the Kingdom of Bahrain starting from Today.

The strategic Partnership of introducing cryptocurrency payments using “Binance” App comes in line with EazyPay’s constant endeavors to strengthen its continuous relationships with both merchants & customers as part of its active innovative strategy, expanding its acceptance products portfolio with the most innovative and cutting-edge method of payments in the Kingdom of Bahrain.

“EazyPay” will allow merchants such as Lulu Hypermarket, Sharaf DG and Al Zain Jewelry as well as local favorites such as Jasmi’s to accept 70+ cryptocurrencies from “Binance Pay” customers in a very fast & extremely secure way, customers can pay at Merchants Stores in “Real-Time” with cryptocurrency by simply scanning the generated QR from Eazy’s POS using their Binance App and pay with preferred cryptocurrency.

On this occasion, Mr. Khalid Hamad Al Hamad, Executive Director of Banking Supervision at the Central Bank of Bahrain congratulated Eazy on launching this innovative type of payments, which coincides with the current developments in the field of payments globally.

Nadeem Ladki, Head of Business Development at Binance MENA stated, “As a leader in its space, EazyPay decision to accept cryptocurrency payments and integrate Binance Pay into its systems raises the bar for innovation and demonstrates the way forward when it comes to the payment industry as we transition into the Web3 economy. The partnership between us and EazyPay is rooted in a common vision to streamline product offerings for merchants and customers through best-in-class technology and is once against a testament to Bahrain’s progressive regulatory framework and banking structure.”

Nayef Tawfiq Al Alawi, Founder, MD & CEO of Eazy Financial Services, expressed his delight saying: “Our strategic partnership between “EazyPay” and “Binance” is a historic regional & local milestone for both companies in the payment field. And Thanking the Central Bank of Bahrain for their support towards lunching this product, which empowered Eazy to provide its valued merchants & customers with competitive and innovative payment services, which cements Eazy’s position as the leading POS & Online payment gateway provider in the Kingdom of Bahrain.