- GFH Bank customers in Bahrain can now use Binance Pay directly within the bank’s app
- The partnership is the first bank-integrated crypto payment solution in the Kingdom of Bahrain
- The move aligns with Bahrain’s Economic Vision 2030 for financial innovation
GFH Financial Group has partnered with Binance Exchange to roll out the first bank-integrated crypto payment solution in Bahrain. GFH is licensed as an Islamic wholesale bank by the Central Bank of Bahrain. The bank joined forces with Binance to enhance digital asset adoption and streamline customer services.
GFH customers can now use Binance Pay directly within the bank’s AI-powered app to fund investments in real time. This integration reiterates the $23.76 billion AUM bank’s commitment to lead the region’s digital transformation.
Mr. Osama Nasr, the Chief Digital Banking Officer at GFH Financial Group, noted:
“Our partnership with Binance marks a defining moment in GFH’s digital transformation journey. By bridging traditional banking with blockchain technology, we are introducing a new era of convenience, security, and accessibility for our customers. This initiative reinforces our vision to deliver smarter, more connected financial experiences.”
Why the Binance Partnership Is a Key Digital Transformation Move
Alignment with Bahrain’s Economic Vision 2030
Through the strategic partnership between GFH and Binance, their operations are now aligned with the kingdom’s long-term development goals. Notably, Bahrain’s Economic Vision 2030 is the country’s long-term development blueprint, which was launched in 2008 to transform its economy from resource-based to a competitive, and sustainable economy.
Binance was awarded the crypto-asset service provider license from the Central Bank of Bahrain (CBB) in May 2022.
“By building a bridge between the crypto and traditional finance ecosystems, we are contributing to a more competitive and sustainable digital economy. This partnership not only enhances financial innovation but also fosters digital literacy and positions the Kingdom as a leader in the future of finance,” Tameem Al Moosawi , General Manager of Binance Bahrain, noted.
Binance’s Deep Liquidity and Regional Dominance
Over the years, Binance has gained a reputation as the leading global crypto exchange, with more than 295 million customers. In the Middle East, the cryptocurrency exchange has increased its services, especially after it received a $2 billion investment from Abu Dhabi’s MGX in March 2025.
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In October 2025, Binance announced a strategic collaboration with Ignyte to build a dedicated blockchain and crypto innovation platform across the Middle East and North Africa (MENA). Ever since Binance founder Changpeng Zhao was pardoned by President Donald Trump, he has become more active in expanding the exchange’s operations and services.
For instance, CZ is a featured speaker at the upcoming Binance Blockchain Week in Dubai between December 3rd and 4th. As such, Binance has gained deep liquidity on its traded crypto assets, which will enable GFH customers to seamlessly make real-time investments and online payments.
Related: Binance Alpha Removes 18 Tokens From Its Featured Listing Pool
GFH’s Push for a Competitive Digital Edge
The GFH bank has made strategic moves in the recent past to redefine customers’ interaction with financial services through the integration of artificial intelligence (AI), and blockchain. For instance, in May 2025, GFH bank announced a strategic partnership with OpenAI to unveil its next-gen investment app with a conversational voice feature as an assistant.
As such, GFH Bank has gained a competitive edge over its rivals both locally and in the region. Furthermore, the bank’s operations are focused on the Gulf Cooperation Council (GCC), North Africa, and India, in addition to strategic investment in the U.S., Europe, and the U.K.
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