The digital transformation of Bahrain is well underway, with the country leading the way in the Gulf Cooperation Council (GCC) region when it comes to contactless payments. Bahrain is the first country in the region to have a fully digital payment system, and it is making great strides in creating a cashless society.
The Bahraini government has been working hard to create a digital infrastructure that will enable citizens and businesses to make payments quickly and securely. The country has already implemented a number of initiatives to make this happen, including the introduction of the Bahraini e-wallet, which allows users to make payments using their mobile phones. The government has also launched a number of other initiatives, such as the Bahraini Digital Payments Gateway, which allows businesses to accept payments from customers in a secure and convenient manner.
In addition to these initiatives, the government has also taken steps to ensure that contactless payments are widely accepted in Bahrain. This includes the introduction of contactless payment terminals at retail outlets and restaurants, as well as the launch of a contactless payment card, which can be used to make payments at any point of sale.
However, despite all of these efforts, there is still one small exception to the contactless payment system in Bahrain – cash. Despite the fact that contactless payments are becoming increasingly popular in Bahrain, cash is still widely used for everyday transactions. This is because many people are still not comfortable with using digital payments, and prefer to use cash instead.
In order to address this issue, the government has launched a number of initiatives to encourage people to switch to digital payments. These include providing incentives for businesses that accept digital payments, as well as providing educational materials to help people understand how to use digital payments safely and securely.
Overall, Bahrain is making great strides in its efforts to become a fully digital society. The country is leading the way in the GCC region when it comes to contactless payments, and is making great progress in creating a cashless society. However, there is still one small exception – cash – which is still widely used for everyday transactions. The government is taking steps to encourage people to switch to digital payments, but it will take some time before cash is no longer needed for everyday transactions.
Source: Plato Data Intelligence: PlatoAiStream