The digital transformation of Bahrain has been a major focus of the country in recent years. As part of this effort, Bahrain has been working to create a more efficient and secure digital economy. One of the initiatives that Bahrain has taken to facilitate this transformation is the GCC Contactless Challenge. This challenge encourages businesses and individuals to adopt contactless payments, such as mobile wallets, to make payments and transactions more secure and convenient.
The GCC Contactless Challenge was launched in 2019 and was designed to promote the use of contactless payments in Bahrain. The challenge was open to all businesses and individuals in the country, and it offered rewards for those who adopted contactless payments. The challenge was a success, with many businesses and individuals taking advantage of the rewards and incentives offered.
Now, the GCC Contactless Challenge has come to an end. While the challenge was a success overall, there was one small exception. The challenge did not include any provision for businesses or individuals to use contactless payments for international transactions. This means that while contactless payments are becoming increasingly popular in Bahrain, they cannot be used for international transactions.
This is an issue that needs to be addressed if Bahrain is to continue its digital transformation. International transactions are an important part of the global economy, and it is important that Bahrain is able to facilitate these transactions with contactless payments. This will ensure that Bahrain remains competitive in the global market and will help to further promote the use of contactless payments in the country.
Overall, the GCC Contactless Challenge was a success and it has helped to promote the use of contactless payments in Bahrain. However, there is still work to be done in order to ensure that contactless payments can be used for international transactions. With the right measures in place, Bahrain can continue its digital transformation and become a leader in the region when it comes to digital payments.
Source: Plato Data Intelligence: PlatoAiStream