Bahraini fintech leader EazyPay has announced a strategic partnership with global payments giant Mastercard to introduce the Mastercard Receivables Manager in the Kingdom. This collaboration marks the first time the innovative B2B solution is available in Bahrain, offering local businesses a powerful tool to automate and streamline their payment collection processes.
Automating the Invoice-to-Payment Cycle
The Mastercard Receivables Manager is a comprehensive platform designed to digitize the entire accounts receivable workflow. By moving away from traditional, manual methods, the solution aims to significantly enhance operational efficiency for businesses. Key features include the ability to create and send digital invoices, track payment statuses in real-time, and automate the reconciliation of incoming payments. This provides companies with greater visibility and control over their cash flow, reducing the potential for human error and shortening the overall payment cycle.
A Strategic Push for SME Efficiency
This launch is particularly significant for Bahrain’s small and medium-sized enterprises (SMEs), which often face challenges with cash flow management and administrative burdens. The platform directly addresses these pain points by simplifying collections and providing clearer financial oversight. Nayef Al Alawi, Founder, MD & CEO of EazyPay, emphasized the impact of the new tool, stating that it empowers businesses to “accelerate their digital transformation journey, increase their efficiency, and reduce their costs.” By equipping SMEs with sophisticated digital tools, the partnership aims to foster a more dynamic and resilient business environment.
Strengthening Bahrain’s Digital Economy
The introduction of the Mastercard Receivables Manager aligns with the broader national goals outlined in Bahrain’s Vision 2030, which prioritizes the development of a world-class digital economy. This collaboration between a local fintech champion and a global technology leader contributes directly to building a more advanced financial infrastructure in the Kingdom. J.K. Khalil, Country Manager for Saudi Arabia, Bahrain & Levant at Mastercard, commented that the partnership reflects a shared commitment to driving digital transformation and supporting the growth of local businesses through secure and innovative payment technologies.
About EazyPay
EazyPay is a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway solutions. Licensed and regulated by the Central Bank of Bahrain, the company provides a comprehensive suite of services that enable merchants and businesses to accept a wide range of payment methods seamlessly and securely.
Looking Ahead
This strategic move solidifies EazyPay’s position at the forefront of Bahrain’s fintech evolution. By integrating Mastercard’s global technology, EazyPay is not only expanding its B2B service portfolio but also setting a new benchmark for accounts receivable management in the country. The partnership is expected to accelerate the adoption of digital B2B payments among Bahraini enterprises and could serve as a model for further innovations aimed at modernizing the region’s financial landscape.
Source: Fintech News Middle East
