back Back

BENEFIT to power RuPay acceptance at ATMs and POS across Bahrain

By Leandra Monteiro

August 05, 2021

  • Bahrain
  • Benefit
Share

BENEFIT, Bahrain Car Parks Company, Bahrain, Mobile PaymentNPCI International Payments Ltd has collaborated with BENEFIT, Bahrain’s innovator and a leading company in FinTech and electronic financial transactions service to enable RuPay acceptance at ATMs and Point of Sale (PoS) terminals across Bahrain.

RuPay is the Global Card payment network from India, conceived and operated by the National Payments Corporation of India (NPCI). With over 635 million cards issued to date, it is a self-reliant card payments network with innovative features that has made it a successful interoperable card. RuPay is also continuously innovating through use-cases like contactless payments through NFC and other evolving payment technologies like Wearables, Tokenization, etc. These technologies enable consumers to securely use their phones to make card payments without disclosing their sensitive card details.

The collaboration between National Payments Corporation of India (NPCI), an umbrella organisation for all retail payment systems in India, and BENEFIT, a key conduit for all electronic financial transactions throughout Bahrain, will see Indian travellers transact via their RuPay cards across 515 ATMs and 40K Point of Sale (PoS) terminals in Bahrain. BENEFIT will be working with their Member Acquirers to ensure enablement of all NPCI’s Issuer Identification numbers (IINs) on all card acceptance channels in BENEFIT’S Network.

Mr. Abdulwahed AlJanahi, CE-Benefit commented, “It is with great pride that we announce our collaboration with NPCI for RuPay, we believe that this tie-up with BENEFIT will bring significant advantage to their customers as it will enable users to get the most of our outstanding electronic payment solutions across the Kingdom. This cooperation with other prime markets for FinTech, like India, will allow us to serve a wider range of customers and create a more cashless society since we play an important role in innovating financial transactions in Bahrain. And we would like to thank the Central Bank of Bahrain for their support to achieve this milestone.”

Ritesh Shukla, CEO, NIPL said, “At NIPL, we are dedicated to strengthening foothold of our card scheme – RuPay in international markets. We constantly strive to offer an evolved and personalised shopping experience to the customers and drive digital payments acceptance across the globe with our cutting-edge technology. We look forward to a continued collaboration with BENEFIT, which will empower Indian travellers and the large Indian community in Bahrain. We aim to create an end-to-end value proposition for RuPay Cardholders to make their Bahrain travel experience seamless and memorable.”

Previous Article

August 05, 2021

Moneyhub makes Open Banking Payments the default way to pay

Read More
Next Article

August 05, 2021

TrueLayer announced the appointment of the new General Manager

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Bahrain

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Storfund & Mangopay to ease cash flow for marketplace sellers

Read More

Today

Revolut teams with Jabil to scale development of mobile payment solutions

Read More

Today

Finastra taps Databricks to boost AI capabilities & enhance services

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023