Mastercard, a leading technology company in the global payments industry, has actually inaugurated its initial specialized office in the Kingdom of Bahrain. The relocation comes as part of its ongoing commitment to the market and drive to give solid on-ground assistance to partners across the larger Middle East and Africa region.

To mark the occasion, Mastercard organized an exclusive occasion for its key stakeholders in Bahrain, where senior Mastercard execs consisting of Raghu Malhotra, President, Middle East and Africa and Khalid Elgibali, Division President, Middle East and North Africa, hosted H.E. Khalid Al Rumaihi, Chief Executive of Bahrain Economic Development Board (EDB), among other local client banks and officials.

" Mastercard has a lengthy and rich background with the Kingdom, and the opening of our initial dedicated office further seals our impact out there as we obtain ever before closer to our local companions. We have a robust development and growth method in place for the region, and the facility of our official existence is a key pillar as we seek to further fulfill the market-specific demands of our customers. We waiting to leveraging our global and local competence and innovation capacities to roll out first-rate
repayments technologies in this market alongside our partners," claimed Raghu Malhotra, President, Middle East and Africa, Mastercard.

" As a prominent financial center in the region, Bahrain is making wonderful strides in the direction of coming to be a fintech hub, and with our tailored products and settlements remedies, we are delighted to play an active duty in the future development and growth of the settlements industry in the Kingdom," added Khalid Elgibali, Department President, Middle East and North Africa, Mastercard.

H.E. Khalid Al Rumaihi, Chief Executive of the Bahrain EDB, claimed: "With our supportive ecological community, mature regulation and sound governance, along with a longstanding background as a regional financial facility, the monetary solutions industry in the Kingdom is one which continuously develops to fulfill the demands of the region. We see lots of amazing possibilities within the industry, and especially quick growth in the Fintech industry, and we are happy to welcome Mastercard to Bahrain, and its new payments remedies to the marketplace."

Mastercard's decision to open its Bahrain office and follow up with it was affected by EDB's catalytic role throughout the enrollment procedure and the access obtained to essential local industry players. The office will certainly run under the name: Mastercard Singapore Holding Pte Ltd - Bahrain Agent Office.

The commencement of Mastercard's formal procedures in Bahrain adheres to the opening of a committed office in Pakistan in late 2016.