BFC Payments, one of Bahrain’s leading fintech and payments solutions provider has successfully completed the assessment procedure to validate its compliance with Payment Card Industry Data Security Standard (PCI DSS) version 3.2.1., which is a leading security standard for payment card processing.
The certification was achieved after an extensive independent audit of BFC Payments operations and processes conducted by external certification authorities. The PCI certification is a worldwide information security standard assembled by the Payment Card Industry Security Standards Council (PCI SSC) for preventing card fraud through increased controls around data and its exposure to compromise.
Davis D Parakal, Head of Business Development, Strategic Partnerships & Innovation of BFC Payments said, “Ensuring best practices for the security of our payments and card solutions has been at the forefront for BFC Payments. Being officially certified will significantly increase the trust of our customers. Going forward, we are committed to improving the security standards for our customer data, payment processes, and digital channels.”
BFC Payments provides a broad spectrum of modern Fintech products and services in association with leading international and local partners. With its responsible approach to the data security and now through this certification, BFC Payments has ensured that it has good policies, procedures and sound technology framework to safeguard its client’s interests.
Ebrahim Nonoo, Managing Director & CEO of BFC Group said, “BFC Payments is now proud to offer PCI certified security standards in line with the vision of the Government of the Kingdom of Bahrain and the Central Bank of Bahrain to move towards a secure digital economy.”
BFC Payments is the fintech arm of BFC Group, that delivers digital payments services for the Corporate, SMEs and Consumers. Their mobile wallet offering for unbanked population in Bahrain have considerably reduced the customers’ dependency on cash and welcomed them to the mobile payment’s ecosystem in the country.
BFC Group is one of the financial leaders in the region that includes an international network of money exchanges across four countries. The history of the companies that are incorporated under the Group date back over 100 years, with Bahrain Financing Company (BFC) trading in gold bullion and continually growing its services.
For more information on BFC Payments, please visit www.bfcpayments.com or by getting in touch with a BFC Payments business development officer on +973 1700 4548.