← Embedded Finance Index 2026

Infinios

“Can a Central Bank-licensed Bahrain payment infrastructure provider become the unified card issuing, processing, wallet, and stablecoin settlement layer for banks, fintechs, and enterprises operating across MENA and global corridors?”

Founded2014
HQManama, Bahrain
IndustryInfrastructure / Payments
The story

Founded in 2014 as NEC Payments, a Bahrain-licensed card processor focused on digital banking and payment processing infrastructure in the Middle East. Extended its license to payment services and joined Mastercard as a principal member in 2018, broadening its network reach. In 2021, rebranded to Infinios and was acquired by nDigital Holdings SPC, repositioning as a full-stack BaaS and payment infrastructure provider for banks, fintechs, PSPs, and enterprises. By 2026, Infinios activated live stablecoin settlement with Mastercard, signaling a pivot toward next-generation stablecoin-enabled payment rails alongside its traditional card issuing and processing business.

Last 12 months
2026-08
Product timeline
2014
Founded as NEC Payments B.S.C.(c), licensed by the Central Bank of Bahrain as a Card Processor, developing a next-generation digital banking and payment processing technology platform.· banking
2016
Launched PCI-DSS compliant, Mastercard-certified card and payment transaction processing environment on Microsoft Azure, announced at GITEX Technology Week.· payments
2018
Extended regulatory license to include Payment Services Provider activity and became a principal member of Mastercard.· payments
2021
Rebranded from NEC Payments to Infinios and renamed platform to 'Infinite Financial Solutions'.· pivot
2021
Acquired by nDigital Holdings SPC, a Cayman Islands-based group holding company, following Central Bank of Bahrain regulatory approval.· acquisition
2026
Activated live stablecoin settlement with Mastercard, becoming an early live deployment of stablecoin-based card settlement.· banking
Regulated entities
1
regulatory licence held by Infinios
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Infinios’s embedded-finance stack
Payments / PSP
Infinios Payment Processing (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
KYC
in the full report
Accounting gap: minor
5 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.