NEC Payments B.S.C(c): Best Digital Banking Technology Innovator Middle East 2021


NEC Payments B.S.C(c) has spent the past seven years developing a robust technology and regulatory licensed fintech platform that enables it to now offer a regionally-unique digital banking-as-a-service solution.

Its wholly-owned cloud-native platform is the result of extensive development by the Bahrain-based business that has a presence in London, Saudi Arabia and California, USA. It has established a solid presence for its products and services with customers in Europe, the Middle East and Africa, and has recently announced its entry to the US market through investment and partnership with a listed fintech company in Carlsbad, California.

NEC Payments offers a range of cloud-ready value-added digital banking, transaction processing and payment acceptance solutions, and has invested some $8m to develop technologies that deliver enhanced customer experiences in response to market trends and societal changes. It forges partnerships with leading industry players and is a principal member of the MasterCard and Visa payment schemes and a SWIFT member.

NEC Payments flexible and secure API enables its customers to rapidly develop seamless digital financial services products that ride upon the rails provided by its banking-as-a-service platform to facilitate secure real-time card scheme, bank-to-bank, and peer-to-peer transactions. The company is licensed and regulated by the Central Bank of Bahrain as a Payment Services Provider and Card Processor; it has achieved international security and business process certifications and is a trusted partner of clients and business partners alike. NEC Payments explains its expansion plans are being achieved organically, as new customers and partners plug into the platform and it grows into new markets in GCC, MENA and North America.

The judging panel recognises NEC Payment BSC’s achievements with the 2021 award for Best Digital Banking Technology Innovator (Middle East).

Tags assigned to this article: