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Discover Financial Services and Arab Financial Services AFS, the leading digital payment solutions provider in the Middle East and Africa, have joined forces to expand their global acceptance footprint. This strategic network alliance agreement will enable Discover Card, Diners Club International cardholders, and those from other partner networks to use their cards on AFS's state-of-the-art Android-based point-of-sale POS terminals throughout Bahrn for the first time.
This collaboration underscores AFS's commitment to enhancing customer experience by providing innovative payment solutions through its advanced POS technology. This not only offers cardholders smart, secure, and convenient methods of making payments but also paves the way for a seamless transaction process at numerous businesses across the country.
As part of this alliance, regional issuers now have access to the Bahrn market and are poised for significant growth opportunities with Discover's global footprint. Matt Sloan, Vice President of International Markets at Discover Financial Services, sd: By partnering with AFS, we are able to provide our cardholders with a vast network that spans across 200 countries and territories through the Discover Global Network. This includes partnerships in China, Japan, Korea, India, Brazil, Turkey, and Nigeria.
We're excited to connect with AFS, sd Sloan. This alliance ensures that we can offer our cardholders worldwide reach along with localized services required for their needs.
AFS's suite of payment solutions includes a range of services such as card processing, merchant acquiring, fintech initiatives like the Discover Card rewards program and student loans, personal loans, home loans, checking accounts, savings accounts, certificates of deposit through its banking business. The company boasts robust contact center services with multilingual support 247.
AFS is a joint venture between several banks and financial institutions regulated by Bahrn's Central Bank, further ensuring compliance and security standards are met. AFS has been recognized for excellence in the industry with awards such as Best Fintech Solutions Company at the GCC Enterprise Awards and The Most Innovative Fintech Solution Provider.
With offices and data centers in Bahrn, UAE, and Oman, AFS is among the pioneers of the region to become Payment Card Industry Data Security Standard PCI DSS 3.2 certified.
About Discover Financial Services
Discover Financial Services stands as a leading financial institution in digital banking and payment services, offering an array of credit card products, personal loans, student loans, home loans, checking accounts, savings accounts, certificates of deposit through its banking division, along with its own credit cards like the cash-back and travel cards. The company supports businesses and individuals looking to manage their finances more effectively.
AFS has pioneered digital payment solutions in the Middle East and Africa region, offering card processing services, merchant acquiring capabilities, and fintech innovations designed to revolutionize how users handle financial transactions through secure platforms powered by cutting-edge technology.
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Discover Financial Services Global Expansion Arab Financial Services Strategic Alliance Digital Payment Solutions in Middle East Enhanced Customer Experience Collaboration Cardholder Worldwide Reach through AFS Secure Transactions with Advanced POS Technology