“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?”
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.
Infinios discloses Infinios Financial Services B.S.C. (c) (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Infinios does not disclose a bank charter of its own; its banking services are provided through Infinios Financial Services B.S.C. (c) (in-house).
Infinios processes payments through Infinios Payment Processing (self-operated).
Infinios's cards are issued through Infinios Financial Services B.S.C. (c) (in-house) on the Mastercard and Visa networks.
Infinios uses Benefit (national eKYC service, Bahrain) for KYC and identity verification.
The Embedded Finance Index 2026 maps 5 layers in Infinios's stack: Payments / PSP (Infinios Payment Processing (self-operated)); Banking / BaaS (Infinios Financial Services B.S.C. (c) (in-house)); Card issuing (Infinios Financial Services B.S.C. (c) (in-house)); Card network (Mastercard and Visa); KYC (Benefit (national eKYC service, Bahrain)).
Infinios is founded in 2014 and headquartered in Manama, Bahrain.
Get a read on where your own stack stands against Infinios 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.