Bahrain Mumtalakat Holding Company and financial technology provider BENEFIT have signed a strategic cooperation agreement to explore growth and investment opportunities across digital payments and fintech.
The partnership will cover areas including digital wallets, unified payment platforms, enterprise technology solutions, smart data services and fintech innovation. The two organisations also plan to assess initiatives that could be developed, tested and scaled in Bahrain and international markets.
According to the announcement, Mumtalakat and BENEFIT will evaluate the commercial and investment feasibility of proposed projects, including potential international opportunities pursued through investment structures, strategic partnerships and alliances. Any initiatives will remain subject to regulatory requirements and relevant approvals.
Mumtalakat said the agreement combines its investment expertise with BENEFIT’s knowledge of payments, data and market needs. BENEFIT said the collaboration is intended to support digital services for individuals and businesses while contributing to Bahrain’s fintech ecosystem and international competitiveness.
The organisations will begin by reviewing potential opportunities and identifying viable projects and suitable implementation models.
Source: Biz Bahrain
