BFC Group Holdings

General Information

Company Name

BFC Group Holdings

Founded Year

2008

Location (Offices)

Bahrain +1

Founders / Decision Makers

Number of Employees

Industries

Financial Services, Platforms, Retail

Funding Stage

Social Media

BFC Group Holdings - Company Profile

BFC Group Holdings is a financial services company specializing in global money transfers, foreign currency exchange, wholesale currency, and payment solutions. Established in January 2008 and parented by Alkhair Holding B.S.C. ©, BFC Group has a rich history dating back to 1917, when it started trading in gold bullion in the Kingdom of Bahrain.

Over the years, the company expanded its services, entering the remittance market in the 1970s and obtaining licensing from the Central Bank of Bahrain. Presently, BFC Group operates a global network with over 160 branches worldwide and enables customers to send money internationally to over 400,000 agent locations in 200 countries and territories through partners such as MoneyGram, Transfast, and EzRemit.

In 2021, the company launched the BFC Pay App, which features a digital wallet compliant with the WPS initiative by the LMRA and CBB, alongside functions for money transfers and bill payments. Through a commitment to evolving to meet market demands, BFC Group aims to solidify its position as a regional leader in the money transfer industry.

Taxonomy: Money Transfer, Foreign Currency Exchange, Wholesale Currency Services, Payment Solutions, Digital Wallet, Remittance Services, Global Reach, Retail Network Expansion, Digital Innovation, International Money Transfer, Bill Payments, Retail and Wholesale Foreign Exchange Services, Market Leader