Mumbai:Fable Fintech, a leading global banking infrastructure company enabling SaaS-powered platforms for cross-border, corporate, trade, and FX transactions, has forayed into Bahrain. Fable partnered with Batelco – Bahrain’s premier telecommunications company, to power personalized, transparent and real-time remittances on its digital financial SuperApp – BeyonMoney. As per the partnership, Fable embedded its Growth Suite directly into BeyonMoney to make the global remittances – instant, easy and convenient for Batelco’s customers.
“We inked the agreement last year and continued to focus on delivering a competitive and highly customized system – duly integrated with Batelco’s unique proposition of a personal dashboard offering a rate comparison of currency exchange rates – updated in real-time. Our robust system not only synchronized with the state-of-the-art modules at the client’s end seamlessly but also facilitated a faster design to delivery experience for the app. This prestigious partnership in one of the most competitive markets globally has boosted our focus and leadership,” said Naushad Contractor, CEO, Fable Fintech.
Fable’s successful implementation and operation of Batelco’s remittance super app is a testament to its credibility, capability, and confidence – built on a celebrated plug and play, white label platform. Since its inception in 2015, Fable has already executed projects for 40+ banks and money transfer operators across 12 countries; and successfully processed transactions worth $11 billion in the process.
Fable also recently announced its strategic partnership with XeOPAR, a one-touch cross-border payments and remittances startup for all. Fable Growth Suite (Retail) platform chosen by XeOPAR serves both inward and outward remittances. In addition, it helps payments providers grow revenue from existing and new customers, and improve profitability.
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