Kiwi payments innovator heads to Bahrain

Auckland-based payment technology company PayHQ has been accepted into the 2026 cohort of Bahrain FinTech Bay's accelerator programme — the Gulf region's premier fintech incubator, backed by the Central Bank of Bahrain.

PayHQ's cross-border payment platform, which simplifies SME payment reconciliation across multiple currencies, was selected from over 200 international applications.

Bahrain FinTech Bay

Established in 2018, Bahrain FinTech Bay has supported over 100 fintech companies from 30+ countries. It offers:

• Regulatory sandbox with Central Bank of Bahrain oversight
• 12-month programme with office space, mentoring, and market access
• Demo day to GCC investors, banks, and corporate partners
• Fast-track licensing for successful graduates

Why Bahrain for NZ fintechs?

Bahrain's financial services sector contributes 17% of GDP — the highest in the GCC. The Kingdom's openness to innovation, English-speaking workforce, and 100% foreign ownership rules make it a natural landing zone for NZ fintech companies seeking Gulf market entry.

Next steps

PayHQ will relocate a two-person team to Bahrain for the 12-month programme. The Chamber will be hosting a farewell networking event in Auckland — details to follow for members.