“Can a century-old Bahrain remittance incumbent become the digital-first payments and FX platform for the Gulf's expatriate workforce?”
Founded in 1917 as a gold bullion trader, BFC transitioned into remittance services in the 1970s to serve Bahrain's growing expatriate population, becoming the leading money transfer and FX company in the Kingdom. Over the last decade, BFC has layered a digital payments subsidiary (BFC Payments) on top of its retail remittance network, launching prepaid payroll cards, digital wallets, and a super-app. The group was acquired by Al Ansari Financial Services, signalling consolidation in Gulf remittance and cross-border payments infrastructure.
BFC (Bahrain Financing Company) processes payments through BFC Pay (self-operated).
BFC (Bahrain Financing Company) uses MoneyGram and Transfast for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in BFC (Bahrain Financing Company)'s stack: Payments / PSP (BFC Pay (self-operated)); FX & payouts (MoneyGram and Transfast).
BFC (Bahrain Financing Company) is founded in 1917 and headquartered in Manama, Bahrain.
Get a read on where your own stack stands against BFC (Bahrain Financing Company) and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.