Bahrain to set up international fintech center
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.