Crypto.com and Beyon Money, a leader in digital financial products and services in Bahrain, announced signing a Memorandum of Understanding (MoU) to explore strategic collaboration in the transaction and payments space.
The agreement also envisages seeking joint innovation opportunities in artificial intelligence and open banking.
The MoU seeks to combine Beyon Money’s expertise as a payment platform and financial super-app with Crypto.com’s core capabilities and proven retail products to enhance overall experience for their customers.
“As we continue to expand our presence in Bahrain, we are excited to investigate ways we can partner with Beyon Money, who are really leading the way in the digital payments space in the Kingdom,” said Eric Anziani, President and COO of Crypto.com.
“By working together we hope to grow both of our brands’ innovative product range and services we provide to our Bahrain customers,” he said.
Roberto Mancone, CEO of Beyon Money, said the collaboration with Crypto.com, which has recently obtained its Payment Service Provider license in Bahrain, will focus on co-marketing and promoting their respective cards.
“We will also work on integrating our platforms to streamline cryptocurrency purchases on the Crypto.com app, along with other projects that explore innovative technologies creating value through tangible use cases for our clients,” he said.
Crypto.com said the partnership adds to its increasing commitment to the Bahrain market, where it recently received a Payment Service Provider licence from the country’s central bank.
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