Al Salam Bank Bahrain announced the signing of an agreement with Arab Financial Services Company (AFS) for Credit Card processing. Under the agreement, AFS will provide the Bank with a complete credit card issuing and processing solution.
On behalf of Al Salam Bank, Mr. Nabeel Ebrahim Al Tattan, Executive Vice President, Banking Group Head, said: ‘This agreement is an important step in our preparations to launch a new Sharia-compliant credit card later this year. Our partnership with AFS will enable the Bank to provide clients with a state-of-art credit cards management service, incorporating the latest international security technology. We have selected AFS after a close evaluation of several potential service providers out of which AFS proved to have excellent track record, speed to market, and industry expertise.’
Commenting on the agreement, Mr. Rasool Hujair, AFS CEO, commented: ‘We greatly value this new partnership, and are dedicated to providing the Bank with fast and reliable credit card processing services. The fact that Al Salam Bank chose AFS underlines our regional leadership in electronic-payments and consumer finance-outsourcing services, and our recognised ability to enable a more customer-focused and profitable approach to serving the payment industry.’