Latest news with #EazyPay
Al Bawaba
9 hours ago
- Business
- Al Bawaba
EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems.'EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments,' said Nayef Tawfeeq Al Alawi, founder, managing director and CEO, EazyPay.'At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency. We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain's dynamic business landscape,' said Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard. The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management.
Zawya
10 hours ago
- Business
- Zawya
EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
Manama, Bahrain: Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses. Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems. 'EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments,' said Nayef Tawfeeq Al Alawi, founder, managing director and CEO, EazyPay. 'At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency. We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain's dynamic business landscape,' said Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard. The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Zawya
18-07-2025
- Business
- Zawya
EazyPay, Tamara team up to power e-payment solutions in GCC
Eazy Financial Services, a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has announced a strategic partnership with Tamara, one of the region's fastest-growing fintech platforms and a pioneer of the Buy Now, Pay Later (BNPL) model in the GCC. Through this collaboration, EazyPay will serve as Tamara's local acquirer and provide advanced payment gateway services, enabling secure, seamless, and efficient transaction processing across Tamara's expanding network of merchants and customers in the Gulf. The partnership was formalised at a recent event held in Manama, underscoring both companies' commitment to advancing the region's digital payments infrastructure. Founder & CEO of EazyPay Nayef Tawfiq Al Alawi said: "Tamara has rapidly become a key player in how consumers across the region choose to pay - particularly with the rise of BNPL models." "By supporting their platform with our payment gateway services, we're enabling a smoother, faster, and more reliable experience for merchants and customers alike. It's a strong example of how fintech collaboration can deliver real value to the market," he stated. According to EazyPay, this strategic alliance also reflects its continued efforts to drive innovation and foster collaboration within the regional fintech ecosystem. As a homegrown Bahraini fintech leader, EazyPay remains committed to forging strong partnerships that support the wider digital transformation agenda shaping the future of commerce in the GCC. By combining Tamara's innovative consumer payment experience with EazyPay's proven technology infrastructure, this partnership is set to elevate the digital commerce experience across the Gulf, creating greater value and convenience for businesses and consumers alike. Tamara Bahrain CEO and Vice Chairman Faris Al Obaid said: "We are absolutely thrilled to announce our strategic partnership with EazyPay in Bahrain, marking a pivotal moment for our expansion in the Mena region." "EazyPay, a leader in payment solutions, will not only serve as our local acquirer but also as a key strategic partner for our growing operations in Bahrain. This collaboration is a testament to our commitment to enhancing our service offering and delivering a seamless, elevated experience to our customers," noted Al Obaid. "We are confident that EazyPay's local expertise and strong infrastructure will help us achieve our shared goals and promote financial inclusivity in the kingdom," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
16-07-2025
- Business
- Daily Tribune
EazyPay enables Tamara payments
TDT | Manama Eazy Financial Services has signed a strategic partnership with Tamara to become the regional fintech's official local acquirer in Bahrain, strengthening Bahrain's position as a key payments enabler in the Gulf's rapidly expanding Buy Now, Pay Later sector. Announced during a signing ceremony on Wednesday, the deal will see EazyPay provide Tamara with secure payment gateway services to process transactions across its growing network of merchants and customers in the GCC. Fintech synergy Nayef Tawfiq Al Alawi, Founder and CEO of EazyPay, said the partnership reflects the value of fintech collaboration in creating faster and more reliable payment experiences. 'Tamara has rapidly become a key player in how consumers across the region choose to pay, particularly with the rise of BNPL models. By supporting their platform with our payment gateway services, we're enabling a smoother, faster, and more reliable experience for merchants and customers alike,' he said. The collaboration is also seen as an example of how homegrown Bahraini fintech infrastructure is powering cross-border solutions in the region. Faris Al-Obaid, CEO and Vice Chairman of Tamara Bahrain B.S.C., described the partnership as a pivotal step in Tamara's MENA growth ambitions. 'EazyPay, a leader in payment solutions, will not only serve as our local acquirer but also as a key strategic partner for our growing operations in Bahrain,' he said. 'We are confident that EazyPay's local expertise and strong infrastructure will help us achieve our shared goals and promote financial inclusivity in the Kingdom.' The agreement reflects EazyPay's continued push to strengthen the regional digital payments ecosystem by forging strategic fintech alliances. By combining Tamara's consumer-facing BNPL model with EazyPay's backend infrastructure, both firms aim to create a more seamless commerce experience for businesses and shoppers across the Gulf. The story of this deal underscores Bahrain's emerging role in the region's next phase of digital financial growth.
Biz Bahrain
16-07-2025
- Business
- Biz Bahrain
EazyPay and Tamara Announce Strategic Partnership to Power Seamless Payment Solutions Across the GCC
Eazy Financial Services (EazyPay), a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has announced a strategic partnership with Tamara, one of the region's fastest-growing fintech platforms and a pioneer of the 'Buy Now, Pay Later' (BNPL) model in the GCC. Through this collaboration, EazyPay will serve as Tamara's local acquirer and provide advanced payment gateway services, enabling secure, seamless, and efficient transaction processing across Tamara's expanding network of merchants and customers in the Gulf. The partnership was formalized during a signing ceremony held on Wednesday, 25 June 2025, underscoring both companies' commitment to advancing the region's digital payments infrastructure. Nayef Tawfiq Al Alawi, Founder & CEO of EazyPay, commented: 'Tamara has rapidly become a key player in how consumers across the region choose to pay—particularly with the rise of BNPL models. By supporting their platform with our payment gateway services, we're enabling a smoother, faster, and more reliable experience for merchants and customers alike. It's a strong example of how fintech collaboration can deliver real value to the market.' Faris Al-Obaid, CEO and Vice Chairman of Tamara Bahrain B.S.C., added: 'We are absolutely thrilled to announce our strategic partnership with EazyPay in Bahrain, marking a pivotal moment for Tamara's expansion in the MENA region. EazyPay, a leader in payment solutions, will not only serve as our local acquirer but also as a key strategic partner for our growing operations in Bahrain. This collaboration is a testament to our commitment to enhancing our service offering and delivering a seamless, elevated experience to our customers. We are confident that EazyPay's local expertise and strong infrastructure will help us achieve our shared goals and promote financial inclusivity in the Kingdom.' This strategic alliance also reflects EazyPay's continued efforts to drive innovation and foster collaboration within the regional fintech ecosystem. As a homegrown Bahraini fintech leader, EazyPay remains committed to forging strong partnerships that support the wider digital transformation agenda shaping the future of commerce in the GCC. By combining Tamara's innovative consumer payment experience with EazyPay's proven technology infrastructure, this partnership is set to elevate the digital commerce experience across the Gulf, creating greater value and convenience for businesses and consumers alike.
