Manama-based financial super app Beyon Money, part of the Beyon Group, has officially gone live with its partnership with global money transfer operator SwiftX. The collaboration introduces a next-generation solution for international remittances by leveraging stablecoins on a blockchain settlement network.
Leveraging Blockchain for Modern Remittances
Through this integration, Beyon Money is utilizing SwiftX’s blockchain infrastructure to facilitate seamless and secure cross-border payments. The new system enables faster, more transparent, and cost-efficient international transactions, with live transfers now being executed using stablecoins.
This approach ensures speed and reliability while the inherent efficiencies of blockchain technology help reduce operational costs and foreign exchange dependencies. The use of distributed ledger technology also adds a layer of transparency and accountability to every transaction processed on the network.
A New Benchmark for GCC Fintech
The collaboration between Beyon Money and SwiftX underscores a shared commitment to supporting Bahrain’s economic growth and advancing the region’s digital financial ecosystem. By bridging traditional finance with blockchain technology, the partnership aims to set a new benchmark for cross-border payment solutions across the GCC and beyond, reinforcing Beyon Money’s position as a leader in regional fintech innovation.
“We are proud to announce that our integration with SwiftX is now live, with transactions already being processed on the network,” said Beyon Money CEO, Bruce Rayner. “This is a pivotal step towards the future of cross-border payments; faster, cheaper, and more transparent, aligning with our vision to deliver world-class digital financial experiences in the GCC and beyond.”
Mirnas Brescic, CEO of SwiftX, added, “We’re thrilled to see our collaboration with Beyon Money come to life through active transactions on our stablecoin settlement rails. This partnership reflects the innovative spirit of the financial services sector in Bahrain and the GCC, and we look forward to driving further advancements in the space.”
About Beyon Money
Beyon Money, part of the Beyon Group, is a financial super app based in the Kingdom of Bahrain that links regional and international financial institutions, allowing for a new fintech standard in the MENA region. Beyon Money provides access to a suite of financial services and offerings, including flexi-investment options, prepaid cards with worldwide acceptance, and global remittance services.
About SwiftX
SwiftX, a SaturnX subsidiary, is a stablecoin payments infrastructure company that enables businesses and financial institutions to move money globally through an API-first platform. It leverages stablecoin liquidity, intelligent FX routing, and regulatory-compliant payout networks. SwiftX supports cross-border payments in major remittance corridors and is expanding into the Middle East, South Asia, Southeast Asia, and Africa.
Source: Zawya
