The National Bank of Bahrain (NBB) has signed a deal to provide card acceptance to all outlets of Dragon City Bahrain, an upcoming shopping and wholesale distribution centre at Diyar Al Muharram, managed and operated by Chinamex.

 

The deal will facilitate electronic payments for as many as 790 merchants in the kingdom, said a statement.

 

It will see the installation of NBB point of sale terminals at all tenants’ premises, it said.

 

Signed by NBB General Manager, Domestic Banking Group, Mr. Abdul Aziz Abdulla Al Ahmed and Chinamex Bahrain Management Company General Manager, Mr. Patrick Zheng Shuo, this deal is significant at a national level due to the scale of Dragon City, a 115,000-square-metre shopping and leisure destination that is expected to have a major positive impact on Bahrain’s economy.

 

Abdul Aziz Abdullah Al Ahmed, general manager - Domestic Banking Group, NBB, said: “Alhough NBB is already one of the largest players in this segment, the arrangement with Dragon City is a major association for us due to the sheer number of new businesses expected to be housed at this complex, which is sure to become an important addition to Bahrain’s leisure and tourism infrastructure.

 

“NBB, as Bahrain’s very first local bank which introduced card payment solutions to the Kingdom in 1986, is always ready to support initiatives like Dragon City that help increase international trade, boost the local economy and create jobs.”

 

Patrick Zheng Shuo, Chinamex Bahrain Management Company GM, said: “Our agreement with NBB will make payment processing easier for the Chinese companies as well as other tenants which will be setting up shop at Dragon City, many of which will be new to the kingdom.

 

“Dragon City will literally attract millions of visitors a year, both from within Bahrain and from neighbouring countries. It is important for a project of this scale that all necessary payment facilities are readily available to merchants and customers. We believe we have found the right partner for this in NBB, one of Bahrain’s oldest and most trusted financial institutions.” - TradeArabia News Service