TLDR
- GFH Bank has integrated Binance Pay into its mobile banking app in Bahrain.
- Customers can now make real-time crypto payments and fund investments through the app.
- The integration supports Bahrain’s Economic Vision 2030 for a digital and sustainable economy.
- Binance has held a crypto-asset service license from the Central Bank of Bahrain since May 2022.
- GFH’s digital banking head stated that the move enhances convenience, security, and the overall customer experience.
GFH Financial Group has launched Bahrain’s first bank-integrated crypto payment solution by adding Binance Pay to its mobile banking app. The move enables customers to use Binance Pay directly for real-time funding of investments through GFH’s AI-powered digital platform.
The partnership with Binance supports Bahrain’s push towards becoming a more competitive and tech-driven economy by 2030.
Binance Pay Enables Real-Time Investment Through GFH App
GFH Financial Group has integrated Binance Pay to allow real-time funding of investment accounts directly from its banking application. The app supports seamless and instant crypto payments through Binance Pay, streamlining how customers interact with digital finance.
This development brings blockchain-powered transactions into everyday banking in Bahrain through the licensed Islamic wholesale bank.
GFH’s Chief Digital Banking Officer, Osama Nasr, described the collaboration as a key step in their digital transformation strategy.
“Our partnership with Binance introduces a new era of convenience, security, and accessibility for our customers,” Nasr stated.
He said the bank aims to bridge traditional banking with blockchain while keeping customer experience at the center.
Strategic Partnership Aligns With Bahrain Vision 2030
GFH’s adoption of Binance Pay directly supports Bahrain’s Economic Vision 2030 to shift towards a sustainable and competitive economy. Binance holds a crypto-asset service provider license issued by the Central Bank of Bahrain since May 2022.
The license allows Binance to operate legally and offer regulated services across the Kingdom in compliance with national frameworks. By joining forces with Binance, GFH aligns its operations with Bahrain’s long-term development and economic goals.
The partnership promotes financial innovation and encourages digital literacy among bank users and investors in the region.
“By building a bridge between crypto and traditional finance, we help create a sustainable digital economy,” said Tameem Al Moosawi.
He serves as the General Manager of Binance Bahrain and confirmed their long-term commitment to the local market.
Binance Expands Regional Presence Following Strategic Milestones
Binance Pay becomes more accessible as Binance strengthens its presence across the Middle East and North Africa region. In October 2025, Binance began collaborating with Ignyte to develop a blockchain innovation platform across the MENA region.
Earlier in March 2025, Binance received a $2 billion investment from Abu Dhabi-based Mubadala, not MGX, to expand its operations. These developments have enhanced Binance’s infrastructure, improving liquidity and broadening its range of crypto services.
GFH customers benefit directly by gaining access to Binance Pay’s fast settlement network and deeper market access. Binance founder Changpeng Zhao will speak at Binance Blockchain Week in Dubai from December 3rd to 4th. The event will showcase the platform’s latest technologies, including how Binance Pay integrates with traditional finance apps.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
