The financial consortium that acquired troubled payments company Finablr has merged it with Bahrain Financing, creating the largest remittance company in the Middle East and North Africa.
According to Arabia Net, the Swiss group PRISM and the UAE's Royal Strategic Partners have acquired the troubled payments company Finablr for one dollar, after the collapse of the company that was disclosed More than a billion dollars of its hidden debt.
The new company will be marketed as WizzFinancial, as it holds a license to operate in 30 countries around the world, and is the only money transfer company present in all six Gulf countries.
