BisB and PayPal Partner to Expand E-Commerce in Bahrain

Press release
Published March 12th, 2018 - 06:17 GMT
Hassan Jarrar, BisB CEO, and Efi Dahan, PayPal General Manager in Russia, Middle East and Africa.
Hassan Jarrar, BisB CEO, and Efi Dahan, PayPal General Manager in Russia, Middle East and Africa.

Bahrain Islamic Bank (BisB) and PayPal announced new services that BisB customers and merchants can accessed exclusively through BisB’s online banking and mobile banking app to get an unprecedented access to e-commerce and online retailers.

Customers in Bahrain can now access additional services provided by BisB and PayPal, one of the world’s most trusted and innovative online payments platforms, conveniently through their mobile device or personal computers. To connect to PayPal through BisB digital services, users with a qualified BisB account need to link such account to an existing PayPal account or open one through the app or eBisB.com. BisB customers can top up their PayPal accounts using funds from their BisB bank account, thus introducing a new way to fund a PayPal transaction in addition to cards, and withdraw funds received into their PayPal account to their BisB bank account through the app or eBisB.com.

“We are excited to team up with PayPal and to show our commitment to constantly improving services for our valued customers. Moreover, the integration with PayPal means our customers can benefit from convenient access to e-commerce on a global scale, all from their mobile device,” says Mr. Hassan Jarrar, BisB CEO.

Mr. Jarrar added, “Through this integration with PayPal, customers in Bahrain gain increased and more convenient access to the millions of businesses that accept PayPal in over 200 markets and countries worldwide. With this new exclusive offering by BisB, customers now have a choice about the easiest way to use PayPal.”

“We are excited to be working with BisB to give the Bahrainian customers the comfort and security of transactions that PayPal offers its customers globally.” says Efi Dahan, PayPal General Manager in Russia, Middle East and Africa. “We see ourselves committed to make sure we’re tailoring the experience to their exact needs, and provide the right services to optimize their journey as global customers”.

“Small business owners and freelancers can also benefit from these service” continued Dahan. “as this service provides them with new capabilities toward digital exports by selling cross border and withdraw their PayPal funds into their BisB accounts.”

Background Information

Bahrain Islamic Bank

Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.

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