GFH Bank customers in Bahrain can now make payments using Binance Pay directly within the bank’s mobile application. This marks the first fully integrated crypto payment solution offered by a bank in the Kingdom of Bahrain.
The partnership aligns with Bahrain’s Economic Vision 2030, which emphasizes financial innovation and the adoption of digital technologies. GFH Financial Group has collaborated with Binance to accelerate digital asset adoption and enhance customer experience.
GFH’s AI-powered banking app now allows clients to fund investments in real time using Binance Pay, positioning the bank, which manages $23.76 billion in assets, as a regional leader in digital transformation.
Strategic Significance of the Binance Partnership
GFH Bank and Binance’s collaboration supports Bahrain’s long-term economic goals. The Economic Vision 2030 aims to transform the nation’s economy from resource-dependent to competitive and sustainable. Binance, licensed as a crypto-asset service provider by the Central Bank of Bahrain, enables the bank to bridge traditional banking with blockchain technology.
Usama Nasr, GFH’s Head of Digital Banking, commented:
“Our partnership with Binance marks a pivotal step in GFH’s digital transformation. By combining conventional banking with blockchain, we offer our customers greater convenience, security, and accessibility.”
Tamim Al Musawi, General Manager of Binance Bahrain, added:
“Integrating crypto payments into mainstream banking fosters a more competitive digital economy and promotes financial literacy, positioning Bahrain as a regional leader in future finance.”
Liquidity and Regional Presence
Binance has established itself as a leading global cryptocurrency exchange with over 295 million users. In the Middle East, Binance expanded its offerings after receiving a $2 billion investment from MGX in Abu Dhabi in March 2025.
Recent initiatives include partnerships with Ignyte to develop specialized blockchain and crypto innovation platforms across the MENA region, and Binance’s CEO Changpeng Zhao (CZ) will speak at the upcoming Binance Blockchain Week in Dubai (December 3–4). These efforts enhance liquidity, enabling GFH customers to invest and make online payments seamlessly.
GFH’s Digital Advantage
GFH Bank has recently integrated AI and blockchain technology to redefine client interactions. In May 2025, the bank partnered with OpenAI to launch a next-generation investment app featuring a voice assistant.
These innovations give GFH a competitive edge locally and regionally. The bank’s operations extend across GCC countries, North Africa, India, and strategic investments in the US, Europe, and the UK, cementing its position as a pioneer in digital financial services.
