Vineet Karumat, General Manager at BFC Payments

Vineet Karumat

General Manager at BFC Payments | Northern Governorate, Bahrain

Profile last verified June 2026
Financial Services Verified Profile Northern Governorate, Bahrain Massachusetts Institute of Technology - Sloan School of Management
Verified

Work Email

***@sloan.mit.edu

Last verified May 2026

Personal Email

***@gmail.com

Personal • High Confidence

Phone Number

+96*****

Bahrain • Mobile

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ContactOut Insights AI Generated

Vineet Karumat serves as the General Manager at BFC Payments, a Central Bank of Bahrain-licensed financial technology firm that delivers electronic payment solutions including digital wallets, payroll services, and multi-currency cards. Known for his expertise as a payments product professional across digital banking, fintech, and remittance ecosystems, he oversees strategic development for debit, credit, prepaid, and loyalty card products. He completed graduate-level training at the Massachusetts Institute of Technology Sloan School of Management and directs operations from the Northern Governorate in Bahrain.

BEST APPROACH TO REACH Vineet Karumat

Reach out via personal email with a concise proposal detailing how your financial technology or partnership model can accelerate BFC Payments’ rollout of Central Bank-approved digital payroll and multi-currency card solutions across the Bahraini market.

Vineet Karumat Socials
Vineet Karumat Work Experience

General Manager at BFC Payments in April 2024 - Present

Head of Cards & Wallet at BEYON Money in November 2021 - November 2023

Head - Emerging Payments at Boubyan Bank in July 2016 - October 2021

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Management Student at MIT Sloan School of Management in January 2017 - August 2018

Took a break and travelled.. at Personal time off in May 2016 - June 2016

Assistant Vice President 2 - Product - Debit & Prepaid Cards at IndusInd Bank in April 2014 - May 2016

Senior Manager - Cards Product & Portfolio at Yes Bank in November 2012 - April 2014

Product Manager - RuPay at National Payment Corporation of India Limited in February 2012 - November 2012

Product Manager - Debit Cards at HDFC Bank in October 2010 - February 2012

Channel Manager - Customer Life Cycle Management & Customer Value Management at HDFC Bank in June 2008 - September 2010

Management Trainee at HDFC Bank in June 2008 - June 2009

Vineet Karumat Education

Massachusetts Institute of Technology - Sloan School of Management

Vineet Karumat Skills
Startups FinTech Product Innovation Digital Innovation Venture Capital Team Leadership Strategic Leadership Stakeholder Management Agile Methodologies Mobile Payments Growth Investing Channel Strategy Product Development Product Management Product Marketing Brand Developement Relationship Management Credit Cards Debit Cards Customer Lifecycle Management New Business Development Retail Strategy Transactional Banking Pricing Marketing Strategy CRM Team Management Banking Analytics Management Portfolio Management Brand Management Business Strategy Business Development
About Vineet Karumat’s Current Company
BFC Payments

As a fully owned subsidiary of the founding member of Bahrain Fintech Bay, BFC Payments works with leading international and local partners to develop disruptive technologies and promote digitisation in Bahrain’s payment market. BFC Payments offers corporates and individuals a range of electronic payment solutions designed to streamline their businesses. Licensed by the Central Bank of Bahrain (CBB) as an Ancillary Service Provider, BFC Payments'​ expanding offerings include digital payroll services, digital wallets, and BFC Pay Card, marketplace and the best multi currency card in Bahrain .

Discover more about BFC Payments
Vineet Karumat’s Colleagues
Davis Parakal

Davis Parakal

Dubai, United Arab Emirates

FinTech | Product | Cross-border | Wallets | Cards | Payments

Director of Product at Remitly
(March 2024 – Present)

Hasan Ali

Hasan Ali

Capital Governorate, Bahrain

Digital Payments Sales Officer

Digital Payments Sales Officer at Ahli United Bank
(December 2024 – Present)

Hussain Alsangees

Hussain Alsangees

Capital Governorate, Bahrain

FINANCE SECTOR | BUSINESS DEVELOPMENT OFFICER. SAFETY OFFICER. BUSINESS CONSULTANT. CERTIFIED PROFESSIONAL IN HUMAN RESOURCES AND COMPENSATION. BUSINESS CONSULTANT. BACHELOR DEGREE IN BUSINESS MANAGEMENT & MARKETING.

• Responsible for developing new business for the Payment Solutions Business (Prepaid Cards, Mobile Wallets, Travel Cards) amongst a customer segment.
• Responsible for attaining established individual, department and organisation goals through active participation in sale...

Romaa Khar

Romaa Khar

Capital Governorate, Bahrain

Strategic HR II Enabling Business II Culture & People's Transformation

BFC Payments is a subsidiary company of BFC Group Holdings licensed by the Central Bank of Bahrain as an Ancillary Service Provider permitted to carry out innovative digital payment solutions offering: Payroll/WPS services, Prepaid Cards, Mobile Wallet Applications etc.

My ma...

Shailendra K

Shailendra K

Capital Governorate, Bahrain

Leadership |FinTech |P&L |Sales |BD |GTM Strategy |Payments |Growth |ASP-PSP - eWallet| Cards| Payments| WPS| e-Remittance| Multicurrency Cards| Micro Lending| Acquiring PAST- SaaS Tech-MedTech-EdTech- eCommerce

Part of Al Ansari Financial Group, UAE- BFC Payments is a PSP with a Fintech platform that embeds; Super App into, - e Wallet | Prepaid Cards (stored value) | Multi Currency Card | Cross Border Remittance services | P2M, P2P | Micro Lending | WPS, Corporate Forex / Expense man...

Ca Marcus

Ca Marcus

Manama, Capital Governorate, Bahrain

Chartered Accountant | Fintech | Telecom | ITeS | Startups | Trader | Crypto Enthusiast

Manager - Finance at BFC Payments
(Jan 2021 – Present)

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Frequently asked questions about Vineet Karumat

What is Vineet Karumat email address?

Email Vineet Karumat at [email protected], [email protected] and [email protected]. This email is the most updated Vineet Karumat's email found in 2026.

What is Vineet Karumat phone number?

Vineet Karumat phone number is +96599796686.

How to contact Vineet Karumat?

To contact Vineet Karumat send an email to [email protected], [email protected] or [email protected]. If you want to call Vineet Karumat try calling on +96599796686.

What company does Vineet Karumat work for?

Vineet Karumat works for BFC Payments.

What is Vineet Karumat's role at BFC Payments?

Vineet Karumat is General Manager

What industry does Vineet Karumat work in?

Vineet Karumat works in the Financial Services industry.

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