Baku:Bahrain Mumtalakat Holding Company (Mumtalakat) and BENEFIT have signed a strategic cooperation agreement aimed at exploring growth and investment opportunities in digital payments and financial technology. This collaboration was announced on the sidelines of Gateway Gulf 2026.
According to Bahrain News Agency, the agreement between Mumtalakat and BENEFIT will focus on potential opportunities in digital wallets, unified payment platforms, enterprise technology solutions, smart data services, and fintech innovation. The initiative is designed to develop and expand fintech solutions for both local and international markets.
The collaboration between Mumtalakat and BENEFIT aims to create sustainable long-term value and contribute to the enhancement of the financial services sector in Bahrain and globally. The companies plan to assess opportunities for fintech solution development, testing, and expansion, alongside exploring potential international investments through strategic partnerships.
Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat, emphasized the significance of investing in promising sectors through strategic partnerships that offer viable opportunities for sustainable growth. He noted that the partnership would leverage Mumtalakat's investment expertise alongside BENEFIT's specialized knowledge in payments and data to explore new investment ventures.
Abdulwahed AlJanahi, CEO of BENEFIT, remarked on the potential of the partnership to bring together expertise in investment development and financial technology, aiming to explore innovative digital services that align with evolving payment technologies. He highlighted the partnership's potential to bolster Bahrain's status as a regional fintech center.
The initial phase of the agreement will involve assessing the feasibility of proposed initiatives, identifying viable projects, and determining appropriate implementation mechanisms, subject to regulatory requirements and necessary approvals. This agreement underscores Mumtalakat's dedication to developing strategic partnerships that enhance investment opportunities, innovation, and sustainable growth, while strengthening Bahrain's competitive edge in key sectors.