BENEFIT ANNOUNCES STRATEGIC PARTNERSHIP WITH BAPCO TO DELIVER CASHLESS PAYMENT SOLUTIONS FOR ALL PETROL SERVICE STATIONS
Nov. 7th, 2019 (Manama, Bahrain) - BENEFIT, Bahrain’s leading company, and major regional player in electronic financial transactions has partnered with BAPCO to provide cashless payment solutions at all petrol service stations in the kingdom. BENEFIT CEO, Abdulwahed AlJanahi and BAPCO General Manager Marketing, Khalid Buhazza signed an official agreement announcing their strategic partnership.
This partnership will enable customers to pay through the BenefitPay QR Feature at all petrol stations. The newly added service will create an enhanced customer experience by enabling them to pay with their mobile phones. Additionally, customers will have the opportunity to register for new Sadeem cards, plus add their existing Sadeem Cards in their BenefitPay application. Exciting offers and perks will be part of BENEFIT’s roll out plan to the public; to increase awareness of the new service in an engaging, and informative manner.
Highlighting its commitment to innovation, BENEFIT continues to introduce solutions through its National Mobile Electronic Wallet (BenefitPay), that is designed to streamline payment within the Kingdom. This milestone comes in line with Bahrain’s 2030 economic vision; which is to provide a clear direction for the continued development of the Kingdom’s economy and, have a shared goal of building a better life for every Bahraini.
Commenting on the partnership, BENEFIT CEO - Abdulwahed AlJanahi said, “Through this partnership with BAPCO; cashless petrol service stations will become a reality. Also, in our quest to not only make things convenient for consumers, but support the government’s move towards a cashless society. Partnerships such as these support our vision to lead, and provide innovative and value added solutions to our consumers, and stakeholders."
BAPCO General Manager Marketing, Khalid Buhazza stated, “Our Partnership with BENEFIT reflects our dedication, and commitment to be a major contributor to the national growth, and bring change to communities in Bahrain. This step will not only create a simpler and more convenient experience for consumers but it will also empower Petrol Station owners via safe and faster payment methods, while creating long-lasting relationships with their customers.”
BENEFIT, www.benefit.bh was established in 1997 and is licensed by the Central Bank of Bahrain (CBB) as an ancillary service provider to the Kingdom’s financial services industry. BENEFIT is owned by Banks in Bahrain, regulated by the Central Bank of Bahrain (CBB), to provide innovative Payment Capabilities, Information Management Solutions, and Business Process Outsourcing Services across different sectors in the Kingdom of Bahrain and the region.
BENEFIT’s range of services – supported by GCCNet in countries within the region – include operating of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet, The GCCNet Dispute Management System, Credit Reference Bureau (CRB), Telecom Bill Payment (Tele BP), Direct Debit (DD), Payment Gateway (PG), Internet Banking (IB), Bahrain Cheque Truncation System (BCTS), Amex Cards withdrawal and recently national eWallet and national eKYC Platform for the financial sectors.
Bapco is a unique company, which has never stood still. The first to discover oil in the Arabian peninsula in 1932, it started exporting in 1934, and refining in 1936.
Since then the company has helped shape the modern Kingdom of Bahrain, not simply through the generation of wealth, but through the development of Bahrain’s manpower. Many of these highly skilled and sought-after elite now occupy senior positions in Government and industry.
Bapco, wholly owned by the Government of Bahrain, is engaged in the oil industry including refining, distribution of petroleum products and natural gas, sales and exports of crude oil and refined products.
The company owns a 267,000 barrel-a-day refinery, storage facilities for more than 14 million barrels, a marketing terminal, and a marine terminal for its petroleum products. Ninety-five per cent of refined products are exports. Bapco’s prime customers for crude oil and refined products are based in the Middle East, India, the Far East, South East Asia and Africa.