GIG Bahrain is the first insurance company to accept cryptocurrency.
The leading and most cutting-edge payment services provider in Bahrain, Eazy Financial Services “EazyPay,” and Bahrain Kuwait Insurance Co. (GIG Bahrain) have inked a payment services agreement, according to a press release from GIG Bahrain.
The deal was signed in the Bahrain Kuwait Insurance Company’s Seef Area headquarters in the presence of Tameem Al Moosawi, general manager of Binance Bahrain, Dr. Abdulla Sultan, CEO of GIG Bahrain, and Nayef Tawfiq Al-Alawi, founder and CEO of Eazy Financial Services.
These services include supplying GIG Bahrain with cutting-edge Point-of-Sale (POS) Terminals installed at its locations to accept all Visa and MasterCard debit and credit card types, as well as the acceptance of the most recent method of payment using Crypto assets via the “Binance App,” which is regulated by the Central Bank of Bahrain.
The benefits of integrating EazyPay to Bahrain Kuwait Insurance Co include straightforward and effective transaction journeys for customers, as well as a partner capable of providing first-class support.
“We are pleased to have Eazy Financial Services as a POS service provider. The services they offer will benefit our operations greatly while offering a smooth, hassle-free experience for our customers.”
“As part of our commitment to our customers we always strive to make the payments as easy as possible and provide all ways and means available that meets our customers’ expectations. It’s our pleasure to have add such payment feature to our platform.”
Bahrain Kuwait Insurance Co.’s Chief Operating Officer, Mr. Ali Noor.
“We are very proud today to become the partners of GIG Bahrain, the leading insurance company in Bahrain, by providing EazyPay competitive, and innovative payment services, which makes EazyPay the most leading, preferred, and Trusted POS & Online payment Gateway Service Provider in Bahrain.”
Nayef Tawfiq Al Alawi, Founder & CEO of Eazy Financial Services
“We are excited to welcome GIG Bahrain to the Web 3 Economy. This agreement enables it to become the first insurance company in the Mena region to accept crypto-asset payments through Binance Pay’s partnership with EazyPay, showcasing how the financial sector in Bahrain is continuously in the forefront, supporting regional and global players in keeping up with global trends.”
Tameem Al Moosawi, General Manager of Binance Bahrain
Thus, GIG Bahrain becomes the first insurance provider in the MENA region to accept cryptocurrency payments through EazyPay and Binance Pay.
