Global Payment Services (GPS) has officially joined the Bahrain Association of Banks (BAB), in a step that underscores the increasing need for closer collaboration between payment services providers and the banking sector, as the financial industry continues to evolve at pace. 

The move also reflects broader efforts to support innovation, strengthen operational capability and advance the development of a more agile and future ready financial ecosystem in Bahrain.

Through this membership, Global Payment Services will be better placed to engage in sector dialogue with key industry stakeholders and contribute to national efforts aimed at further developing Bahrain’s digital payments landscape. 

It also creates wider opportunities for the company to share expertise, participate in discussions on emerging trends and industry best practice, and support the delivery of payment solutions that are aligned with shifting market expectations and the changing needs of customers.

Ali Arab, General Manager, Global Payment Services, said: "Joining the BAB represents an important milestone in our journey and reflects the role we play within the wider financial ecosystem. As financial services continue to evolve, advancing this area requires close coordination, practical collaboration and shared industry insight."

"Through this membership, we are strengthening our contribution to sector dialogue and bringing our operational expertise to discussions that support industry development and reinforce Bahrain’s position as an advanced financial center," he stated.

Arab pointed out that this collaboration reflected its shared commitment to bringing together all participants across the financial ecosystem, with the aim of broadening the exchange of technical and regulatory knowledge and building strong connections that help accelerate the pace of innovation.

Welcoming GPS into the fold, Zeeba Askar, the CEO of the Bahrain Association of Banks, said: "Its membership adds valuable specialist expertise to BAB and further broadens the range of capabilities represented across our association."

"We believe stronger collaboration between established banking institutions and innovative payment service providers is vital to advancing the Kingdom’s digital transformation agenda and reinforcing its leadership in this space," she added.-TradeArabia News Service