Tuesday 31, October 2017 by William Mullally

BisB is the first Islamic bank to give 'BenefitPay' to merchants

On this special occasion, Mr. Hassan Jarrar, BisB CEO, stated, “This is a step towards Digitization. We successfully partnered with Benefit to provide corporate clients with smart solutions to accept payments through ‘BenefitPay” services by generating ‘QR Codes’. This new service allows users to pay money securely and easily without the need to use cash or physical ATM cards.”

Bahrain Islamic Bank (BisB) has launched “BenefitPay”, the national e-wallet that enables instant payments via smart devices and facilitates the collection of payments electronically through debit cards purchases.

On this special occasion, Mr. Hassan Jarrar, BisB CEO, stated, “This is a step towards Digitization. We successfully partnered with Benefit to provide corporate clients with smart solutions to accept payments through ‘BenefitPay” services by generating ‘QR Codes’. This new service allows users to pay money securely and easily without the need to use cash or physical ATM cards.”

“We are delighted to partner with BisB to benefit all the corporate customers, and we hope that our services exceed their expectations.  As BenefitPay service is considered one of the important milestones toward achieving a cashless society fully dependent on digital channel to perform payments, said Abdulwahid Janahi, Chief Executive Officer of Benefit.