Bahrain to set up in­ter­na­tional fin­tech cen­ter

Banking Frontiers - - News / Banking In The Gulf -

Bahrain plans to set up a fin­tech cen­ter to pro­vide ac­cel­er­a­tors and co-working spa­ces for fin­tech com­pa­nies. Si­mon Galpin, MD, Bahrain Eco­nomic Devel­op­ment Board, who was in In­dia, said the fin­tech cen­ter, which is likely to be opened in Fe­bru­ary or March 2018, will also pro­vide net­work­ing op­por­tu­ni­ties for both star­tups and big banks in­ter­ested in the fin­tech area. He said Bahrain of­fered bet­ter terms for In­dian com­pa­nies plan­ning to set up base in the Gulf Co­op­er­a­tion Coun­cil (GCC) mar­ket. He added that the coun­try is 20-30% less ex­pen­sive than Dubai.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.