- Funding: AFS secured a $50 million capital injection, aiming to support expansion and scaling efforts.
- Headquarters and Presence: Headquartered in Bahrain, with additional offices and data centers in the UAE, Egypt, and Oman.
- Expansion Goals:
- Plans to use its Egyptian payments license to grow acquiring activities.
- Progressing toward merchant acquiring services in the UAE.
- Exploring opportunities for processing business growth in African markets.
- Recent Achievements (2023):
- Expanded client base, completed migrations.
- Launched Wallets-as-a-Service.
- Partnerships: Partnered with ila Bank in Bahrain to power prepaid card services.
- Services: Offers digital payment solutions including merchant and fintech acquiring, and debit, credit, and Islamic card processing.
Founded in 1984, AFS operates under regulations from the Central Bank of Bahrain and the Central Bank of Egypt.
