BSC News

Binance Expands Payment Services in Bahrain With EazyPay Partnership

The partnership between Binance and EazyPay will enable customers to make payments in more than 70 cryptocurrencies to vendors across Bahrain.

Binance in Bahrain

Binance, the world’s largest cryptocurrency exchange, is continuing its global expansion efforts, via a strategic partnership with ‎‏Eazy Financial Services (“EazyPay”), a licensed financial institution in the Kingdom of Bahrain specialising in Point-of-Sale (POS) and Online Payment Gateway Acquiring services.

EazyPay CEO Nayeff Tawfiq Al Alawi announced that customers in Bahrain can now pay in stores with more than 70 cryptocurrencies using the Binance app. The newly launched crypto payment option will be available in more than 5,000 point-of-sale (POS) terminals and online payment gateways across Bahrain.

“Customers can pay at Merchants Stores in “Real-Time” with cryptocurrency by simply scanning the generated QR from Eazy’s POS using their Binance App and pay with preferred cryptocurrency,” Al Alawi said on LinkedIn.
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Binance CEO Changpeng Zhao (CZ) said the partnership between BinancePay and EazyPay would facilitate the launch of the first regulated and approved crypto payments service offering in the Middle East and North Africa (MENA) region.

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Binance has been rapidly expanding into the Middle Eastern region. In March, Binance was granted a license to operate as a crypto-asset provider in Bahrain.

More recently, BSC News reported that Binance secured an MVP License from Dubai’s Virtual Asset Regulatory Authority (VARA).

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