Beyon Money, part of the Beyon Group, has been granted a new licence by the Central Bank of Bahrain (CBB), enabling it to introduce new services for its customers. CBB Governor Rasheed Al Maraj issued the decision to grant Beyon Money a Class 2 investment company licence.
Beyon Money CEO Roberto Mancone thanked Mr Al Maraj and the CBB for their support.
“We are committed to continuously enhancing the Beyon Money Super App, providing customers with cards, remittance, open banking, personal financial management and more,” he said. “With the addition of the Class 2 Investment licence, Beyon Money is the only Fintech in Bahrain that facilitates a suite of services for everyday financial requirements with six different licences granted by the CBB,” Mr Mancone added.
In the first first months of 2023, Beyon Money achieved significant growth equal to six times the volume of domestic and international payments and 10 times the number of customers compared to the same period in 2022.
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