# Bahrain fintech expansion > Live situation record from CLSTR: https://clstr.news/situations/bahrain-fintech-expansion > Updated: 2026-08-01T15:28:39.000Z. Sources: 2. Developments: 2. In late July 2026, Payten B.S.C., operating as Pay10, launched a consumer payment app and a merchant‑focused Biz app in Bahrain after securing an ancillary service licence from the Central Bank. The apps enable instant peer‑to‑peer transfers, QR‑code payments and real‑time transaction monitoring for SMEs, signalling a push toward a more interoperable, low‑cost digital payments ecosystem. A week later, stc Bahrain announced two strategic partnerships. By integrating PayPal’s global network into its stc pay platform, the carrier aims to provide fast, secure cross‑border transfers for expatriates and businesses, extending Bahrain’s payment reach beyond domestic borders. Simultaneously, a collaboration with Iron Mountain will combine digital infrastructure with document‑digitisation and data‑governance services, further supporting the Kingdom’s ambition to become a regional fintech hub. Together, these developments illustrate a rapid broadening of Bahrain’s fintech landscape, moving from domestic app roll‑outs to international payment capabilities and enterprise data solutions. ## Timeline ### 2026-08-01: stc Bahrain expands services through PayPal and Iron Mountain partnerships stc Bahrain partners with PayPal to launch cross‑border transfers and with Iron Mountain to boost enterprise digital transformation, reinforcing Bahrain’s fintech and data‑driven growth. 2 sources. https://clstr.news/cluster/stc-bahrain-expands-services-through-paypal-and-iron-mountain-partnerships ### 2026-07-23: Pay10 rolls out new consumer and merchant payment apps in Bahrain Pay10 has expanded in Bahrain, launching consumer and merchant apps backed by Central Bank licensing to offer secure, low‑cost digital payments for users and SMEs. 3 sources. https://clstr.news/cluster/pay10-rolls-out-new-consumer-and-merchant-payment-apps-in-bahrain --- Cite as: Bahrain fintech expansion. CLSTR, https://clstr.news/situations/bahrain-fintech-expansion