Fintech firm Beyon Money launched an online payment acceptance solution called Beyon Money Checkout on Wednesday, through a collaboration with peer company Ottu for corporate industry and business in Bahrain.
The newly collaborated firms with help of Ottu aims to expand Beyon Money’s services by involving merchants in Bahrain to integrate Beyond Money Checkout for their e-commerce purposes. Additionally, Beyon Money said it will offer its payment solutions across Otto’s merchant network in Bahrain and other regional markets.
Beyon Money’s fintech application focus to eliminate elongated method of processing payment, which is cost effective and is sure to enhance the experience for Beyon Money users. The company said it will allow them to make quick and hassle-free payments by from their registered phone number with Beyon Money, removing the need to enter their payment card information.
In August, Beyon Group’s subsidiary partnered with Bahrain’s payment channel Sadad to offer international payment service to cover all overseas destination.
Roberto Mancone, chief executive of Beyon Money said, “Beyon Money Checkout leverages its digital wallet, enabling merchants to receive instant payments from Beyon Money customers, at lower costs compared to traditional card payment methods.”
“Ottu will spearhead the expansion of Beyon Money’s new payment service, Beyon Money Checkout, offering an advanced online payment solution that will redefine the way we conduct financial transactions”, Talal AlAwadhi, CEO of Ottu said.
