Beyon Money and SwiftX Launch Stablecoin-Powered Remittances in Bahrain

Beyon Money has switched on its new partnership with SwiftX, bringing stablecoin-powered remittances into live operation across its platform — and believe it or not, the move already seems to be shaking up how cross‑border payments flow out of Bahrain. The company, part of the wider Beyon Group, is tapping into SwiftX’s blockchain settlement network to push international transfers that are quicker, cheaper and far more transparent than the old-school methods many of us grew up with.

I’ve seen plenty of fintech announcements over the years while covering the startup scene for Arageek, but this one stood out because it combines two things the region has been trying to nail for ages: reliability and cost efficiency. And anyone who has ever tried to send money abroad knows it can be a bit of a faff, especially when hidden fees and slow processing get in the way. Here, transfers are executed using stablecoins — digital assets tied to real-world currency — which means less foreign exchange noise and fewer operational layers slowing things down.

Beyon Money says the collaboration supports Bahrain’s economic ambitions while nudging the region’s financial ecosystem closer to a fully digital model. I reckon it also reflects a broader shift we’re seeing across the GCC, where fintechs are bridging the gap between what traditional banks offer and what users actually need. That said, blockchain isn’t a magic wand, but its ability to boost transparency and traceability does seem pretty spot on in this context.

Bruce Rayner, the CEO of Beyon Money, described the live integration as a pivotal moment, noting that transactions are already moving across the network. Over at SwiftX, CEO Mirnas Brescic sounded equally chuffed to bits, calling the partnership a reflection of the innovative streak running through Bahrain’s financial sector. SwiftX, which is part of SaturnX, has been carving out a niche in stablecoin settlement infrastructure and is expanding rapidly across markets from the Middle East to Africa.

On the flip side, widespread adoption will depend on how comfortable customers feel with blockchain-backed transfers, even if they never actually touch the tech themselves. From what I’ve seen chatting with startup founders in the region, users warm up quickly once they see the speed difference — well… I mean, who wouldn’t want money to arrive in minutes instead of days? Still, there’s always that one cousin who insists traditional bank wires are “good enough”, wich makes me laugh every time.

For Beyon Money, which positions itself as a financial super app offering everything from flexible investment options to global remittance services and prepaid cards, this step pushes it further into the ranks of fintech players trying to redefine money management in the MENA region.

Whether stablecoins become the new normal for remittances remains to be seen, but this partnership definitely nudges the region another step forward. And in a market as fast-evolving as ours, sometimes one step is all it takes to spark something bigger.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!

✉️ Send Us Your Story 👇

https://en.arageek.com/send-us-your-story-or-a-news-tip