The Bank of Bahrain and Kuwait, the leader in retail and institutional banking services in the Kingdom of Bahrain, has signed a strategic partnership with ARP Digital, the leading global company in the field of infrastructure for settling payments based on stable currencies, on the sidelines of the activities of the third edition of the Future of FinTech Forum, which will be held during the period from 8 to 9 October 2025 at the Bahrain International Exhibition Centre.
The agreement signed between the Bank of Bahrain and Kuwait and ARP Digital includes the use of stable currencies within the bank’s operations and foreign currency transfers, with the aim of evaluating the opportunities that these currencies can provide to achieve faster, more efficient and more cost-effective transactions and transfers. This partnership will constitute a qualitative step in the process of developing cross-border payment services, contributing to enabling individuals and institutions to benefit from a faster, less expensive and more reliable settlement system, which enhances the adoption and adoption of infrastructure based on stable currencies in the Gulf, the region and the world.
Through this partnership, the two sides seek to build globally interconnected payment channels that allow instant, cross-border and interoperable settlements supported by stable currencies, linking traditional financial institutions and digital assets.
On this occasion, Mr. Mohammed Al-Rayes, General Manager of Treasury and Investment at the Bank of Bahrain and Kuwait, said: “As one of the leading banks in Bahrain and the Gulf region, we consider investing in the advanced infrastructure for cross-border payments as an investment in the future of the digital economy. In this context, we are proud of our cooperation with ARP Digital, which is considered an important strategic milestone in the bank’s journey, as we believe that the future of the banking sector depends on “The ability to build real bridges between traditional financial systems and modern technologies, most notably stable currencies, which enhances the speed and efficiency of cross-border transfers and consolidates our position as an innovative financial institution that seeks to integrate the best solutions to advance our customers’ banking experience to unprecedented levels.”
