Development Of Payment System: Case Of Central Bank Of Bahrain

Main Article Content

Moade Fawzi Shubita
Peter Harris
Abdulla Ahmed Felaifel

Keywords

Central Bank of Bahrain, e-Banking, Bahrain, Payment System

Abstract

This study analyses the payment system of the Central Bank of Bahrain based on interviews with bankers in addition to distributing 70 questionnaires to seven banks. The study presents the historical development of the Central Bank of Bahrain and reviews related studies. The results show that the value relevance of the payment system is important and there are various new tools for implementing this system. Further, the analysis reveals that there is a need to develop the infrastructure to fit the needs of Bahrain as the financial capital of the Middle East.

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