Payment International Enterprise (PIE), a Bahrain-based fintech major entered into a strategic partnership with Bahrain Telecommunications Company (Batelco), media reports said. It is reported that both the companies will roll out a dispensing capability-based digital branch on the Tam kiosks.
PIE, which has a license from the Central Bank of Bahrain (CBB), is considered one of the largest fintech companies in Bahrain. The company has many partnerships in the country to innovate telecom companies, insurance companies, IGA, EWA and MOF.
Furthermore, Tam Kiosks is a platform which carries out automatic payments and is authorised by the Batelco and Telecommunications Regulatory Authority (TRA). The platform accepts debit card, credit card and cash in Bahraini Dinars and Saudi Riyals. Customers can redeem a cashback while choosing the cash option.
CEO of PIE, Fawaz Ghazal, told the media, “We are proud to be working with Bahrain’s biggest telecom company Batelco. As PIE, we are utilising technology to empower the rest of the businesses to help better serve their customers and be part of the digital transformation. Our new partnership with Batelco allows customers to have an easy and convenient channel for service onboarding, and support at the local convenience stores and grocery stores with ease and reduced operational cost 24/7 with no human interaction, our commitment to support companies to create the ultimate digital journey since 2016 is an exciting journey specially with Covid-19 setting limitations to business operation. I look forward to the next steps of our partnership and continue to contribute to the digital economy collectively.”