Home Banking & Finance AFS, Xpence partner to innovate SME finance in Bahrain

AFS, Xpence partner to innovate SME finance in Bahrain

The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector

AFS, Mediterranean Bank team up to introduce advanced card solutions in Libya
The collaboration paves the way for greater technological advancements, benefiting businesses and individuals across Libya: Image credit: Supplied

Arab Financial Services (AFS) has partnered with Xpence to revolutionise financial management for small and medium enterprises (SMEs) in Bahrain.

Xpence and AFS’s collaboration introduces a pioneering approach to SME financial management in Bahrain, combining Xpence’s acclaimed spend management solutions with AFS’s robust digital payment infrastructure.

The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector, driving innovation and growth within the regional economy. SMEs in Bahrain can now access a suite of financial tools designed to enhance their operational efficiency, from seamless spend management to integrated Visa card solutions, all underpinned by the security and reliability of AFS’s payment network.

Tailored financial solutions for SMEs: The partnership uniquely positions Xpence to tailor its offerings to the specific needs of Bahraini SMEs, integrating AFS’s superior payment processing prowess.

Expanding horizons: By leveraging AFS’s established presence and expertise, this strategic alliance also signifies Xpence’s commitment to expanding its footprint in the GCC, with Bahrain serving as a key market.

Leveraging Visa financial solutions: Participation in the Visa Fintech Fast Track program accelerates the process of integrating with Visa, allowing Xpence to more easily leverage the reach, capabilities, and security that Visa offers.

Empowering the economy: By introducing cutting-edge financial technologies to the SME sector, AFS and Xpence are not only enhancing business operations but also contributing to the economic diversification and digital transformation of Bahrain.