Bahrain-based EazyPay has partnered with Binance Pay to launch the first regulated and approved crypto payments service offering in the Kingdom.
In a statement posted on LinkedIn, Nayef Tawfiq Al Alawi, Founder, MD & CEO of Eazy announced that users consumers can now you can pay in stores with any preferred cryptocurrency using Binance App.
Eazy Financial Services “EazyPay” is a Bahraini financial institute specialised in Point-of-Sale (POS) & Online Payment Gateway Acquiring services is licensed & regulated by the Central Bank of Bahrain.
The partnership with Binance will see the company offer crypto payments using “Binance Pay” over “EazyPay” across 5000+ Point-of- Sale (POS) Terminals & Online Payment gateway in the Kingdom of Bahrain.
Khalid Hamad Al Hamad, Executive Director of Banking Supervision at the Central Bank of Bahrain congratulated EazyPay on launching this service, which coincides with the current developments in the field of payments globally.
Merchants such as Lulu Hypermarket, Sharaf DG and Al Zain Jewellery as well as local favourites such as Jasmi’s will now be able to accept 70+ cryptocurrencies from “Binance Pay” customers in a very fast & extremely secure way.
Nadeem Ladki, Head of Business Development at Binance MENA, said, “As a leader in its space, EazyPay’s decision to accept cryptocurrency payments and integrate Binance Pay into its systems raises the bar for innovation and demonstrates the way forward when it comes to the payment industry as we transition into the Web3 economy.
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.
