AFS Partners With Al Wafa Bank
AFS is the enabler for digital transaction transformation, as it supports the regional payments landscape. Arab Financial Services (AFS) has signed an agreement with Al Wafa Bank, Libya, to provide prepaid card processing services and a range of digital payments value-added services to the Bank. As the digital payment solutions provider and fintech enabler in […]
Topics
Samer Soliman, Chief Executive Officer at Arab Financial Services with Ahmed Ashtewi Mohamed, Al Wafa Bank Chairman
AFS is the enabler for digital transaction transformation, as it supports the regional payments landscape.
Arab Financial Services (AFS) has signed an agreement with Al Wafa Bank, Libya, to provide prepaid card processing services and a range of digital payments value-added services to the Bank. As the digital payment solutions provider and fintech enabler in the Middle East and Africa, AFS’s partnership with Al Wafa Bank will support the Bank’s digital transformation ambitions. AFS is sponsoring a prepaid card program for Al Wafa Bank’s clients that will allow them to offer more services and explore more payment use cases for their ecosystem.
AFS is the leading enabler for digital transaction transformation, as it supports the regional payments landscape and serves the needs of various banks and financial institutions with its digital platform.
On this occasion, Samer Soliman, Arab Financial Services (AFS) CEO, said, “This is a great partnership as it marks our entry into the Libyan market. Al Wafa Bank’s ambitions are to drive and expand the provision of banking services, keeping pace with the latest digital payment advances. AFS is the first choice for executing on and growing with its clients across different segments.”
Al Wafa Bank Chairman Ahmed Ashtewi Mohamed said, “By partnering with an innovative regional payment platform like AFS, we can help our customers and leverage AFS’s longstanding payments expertise. It will offer greater value to our customers and give them a flawless payment experience. We have chosen AFS despite the tough competition, as we were impressed with the experience and thought leadership in payments that they demonstrated through the selection process.”
Regulated by The Central Bank of Bahrain and majority-owned by Bank ABC, AFS boasts numerous ground-breaking end-to-end digital payment services and solutions. These span debit, credit, Islamic card processing, merchant acquiring, fintech, and a suite of state-of-the-art value-added services.
