In Line With CBB’s Announcement: BENEFIT Rolls Out Contactless Payment Through BenefitPay in the Kingdom Of Bahrain
Manama, Bahrain: BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions services, announced the official launch of Tap & Go, a new contactless payment method for BenefitPay users, enabling them to make digital purchases at POS machines using only their Android smartphone.
The Tap & Go contactless payment method allows BenefitPay users to make secure digital payments through POS machines to purchase a variety of goods and services throughout various locations around the Kingdom of Bahrain, and distinguishes itself through its ease of use, only requiring the user to place their smartphone next to a POS machine to complete their contactless payment.
This payment method provides a high level of security, and operates on a system of tokenization; wherein the user’s bank details are stored in a safe vault that transmits ensuring users that no one can access their personal information.
Commenting on this occasion, Abdulwahed AlJanahi, C.E of BENEFIT, said: “We are very pleased to announce the launch of the new Tap & Go service for BenefitPay users, enabling them to easily make purchases at POS machines using Android smartphones.”
He added: “This new service comes under the directives of the Central Bank of Bahrain, and is linked to each bank in the Kingdom of Bahrain, in coordination with international financial payments and bank cards companies (Visa and MasterCard). We would like to thank all of the participating banks and financial institutions for their instrumental role and collaboration to roll out this major national project offering easy and value-adding solutions to our customers. We look forward to fulfilling our users’ expectations as well as enhancing their experience by making this feature available on a larger scale.”
This is in line with our efforts to create easy, fast and secure payment methods for our customers. Through this special feature, we look forward to providing our customers with the best and latest in electronic financial payment solutions.”
Tap & Go is considered an important addition to BenefitPay, the Kingdom’s first e-wallet of its kind. This newly added feature distinguishes itself by removing the maximum limit of amounts of transactions, without the need of using PIN codes unlike other similar services that are capped at BD 20 or BD 50, whereas contactless payment through BenefitPay relies on the security of the smartphone auto-locking, face recognition, the biometric identity authentication and the pin code on the device itself.
It is worth mentioning that BenefitPay has exceeded 500,000 registered users through its variety of payment services, in addition to its ability of completing POS machine transactions throughout the Kingdom of Bahrain. Transfers, bill payments and the digital Sadeem services and more can be enjoyed through the mobile application, as the Company strives to have BenefitPay as a traditional form of payment in the Kingdom of Bahrain.