Ministry Urges All Businesses to Adopt Electronic Payment Methods"
The Ministry of Industry and Commerce has called on all commercial establishments operating in the Kingdom of Bahrain to begin taking necessary steps to comply with Resolution No. (43) of 2024 concerning payment systems for commercial transactions. The deadline for full implementation is June 13, 2025.
Under the new regulation, both existing and newly established businesses are required to open a commercial bank account with a licensed financial institution in Bahrain. Additionally, they must offer at least one electronic payment method, such as a point-of-sale (POS) system, electronic payment gateway, or approved e-payment platforms.
His Excellency Mr. Abdullah bin Adel Fakhro, Minister of Industry and Commerce, emphasized the importance of this transition, stating:
"We are entering a new era of financial and commercial development in Bahrain. We encourage all businesses to seize this opportunity to modernize their operations and adopt secure, efficient digital payment systems."
He added, "Resolution No. (43) of 2024 is not only a legal requirement, but also a strategic step toward enhancing financial processes and promoting transparency. We strongly urge all commercial entities to take immediate action to ensure a smooth and secure transition into a more advanced and safe financial environment."
The Ministry's initiative aims to align Bahrain's business ecosystem with international best practices in digital commerce, while also improving the security and efficiency of financial transactions in the Kingdom.
Businesses seeking more information or guidance on implementing the requirements are encouraged to contact the Ministry or visit its official channels.
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