Beyon Money, a subsidiary of Beyon Group, is set to introduce the Beyon Money SuperApp in the United Arab Emirates (UAE) through its legal entity, Batelco Financial Services Ltd, regulated by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This move signifies Beyon Money’s commitment to extending its innovative, customer-focused financial services beyond its native Kingdom of Bahrain as part of the company’s broader regional expansion strategy.Beyon Money is poised to offer unique and customer-centric financial solutions, leveraging its exceptional digital offerings to cater to the diverse needs of UAE customers. The launch will bring forth Personal Financial Management services, allowing customers to seamlessly link their bank accounts within the Beyon Money App. This feature enables users to consolidate and view all their transactions in one place, providing valuable financial insights to monitor their spending habits.

In addition to the innovative Personal Financial Management services, Beyon Money introduces Digital International Cross-Border Payments, extending this convenient service to UAE customers. This functionality empowers users to send money globally directly from their Beyon Money app, utilizing their debit cards issued by their banks, WPS (Wage Protection System) cards, or their bank accounts. The service spans more than 190 countries, covering regions such as the UK, North and South America, Africa, the EU, Asia, and the GCC.

One of the key features of the Beyon Money SuperApp is its swift and efficient onboarding process, allowing customers to complete the digital registration in less than two minutes. This streamlined process ensures that users can immediately access the diverse range of financial services offered by the app. Beyon Money is actively working on expanding its product and service portfolio in compliance with UAE laws and regulations, aligning seamlessly with its successful offerings in Bahrain.

Roberto Mancone, CEO of Beyon Money, expressed enthusiasm about the regional expansion, stating, “We have been sharply focused on expanding regionally and are thrilled to announce the launch of Beyon Money to UAE customers. This is a major step forward for Beyon Money and a key milestone in our strategic plans.”

He continued, “Beyon Money is committed to innovation, digitalization, and customer-centric solutions; and through the launch, we look forward to offering a wider array of financial services and aspire to contribute towards the ongoing digitalization of the financial services landscape in the region.”

Mr. Mancone acknowledged the support of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) for granting the relevant licenses to Beyon Money, facilitating its entry into the UAE market. This collaboration reflects a synergy between regulatory authorities and financial entities to promote innovation and enhance the financial services ecosystem.

As Beyon Money takes this significant stride in the UAE market, it reaffirms its dedication to providing cutting-edge financial solutions and contributing to the digital transformation of the financial services sector in the region. The Beyon Money SuperApp is set to redefine the financial landscape for UAE customers, offering a seamless and innovative experience in personal financial management and international payments.