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CrediMax, a separate, fully-owned and independent subsidiary of BBK, in collaboration with MasterCard, launched its first digital wallet named MaxWallet last summer and has now announced new developments when it comes to using the app, following a joint initiative with the bank ... with more additions to come.
The latest plans focus on providing extra services and payment options like transferring money, sharing payments with friends and family, in addition to the wallet’s existing uses to customers in Bahrain.
Chief executive of CrediMax, Yousif Ali Mirza said: “This joint initiative further consolidates and brings to light our vision of embracing technology and enabling digital transformation in the Bahraini market. Going this way and with our joint initiative with Bahrain’s pioneering retail and commercial bank, BBK, strengthens our position as leaders in the digital space in the market.”
The initiative will automatically enable BBK customers to benefit from CrediMax’s existing digital wallet solution like making purchases via Quick Response Payments (QR) using their personal BBK Debit Cards.
The objective will be the roll out of more quick and secured payment options and services. Assistant general manager- retail banking at BBK, Dr Adel Salem, added: “The roll-out of the latest, unique banking products and enabling technology in the Bahrain market has been, and will always be, a cornerstone of our strategy.”
In addition to the offering of the MaxWallet, BBK has recently launched its electronic funds transfer system (EFTS) service through its ATMs, unveiled the kingdom’s first Interactive Teller Machine (ITM) in its Isa Town Financial Mall and introduced the ‘BBK Queue’ - a mobile phone application that allows retail banking customers to plan their visit to the branch by booking a ‘virtual ticket’ and avoiding queues. And the bank also recently introduced ‘Cardless Withdrawal’ at its ATMs.
