BENEFIT, Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its collaboration with Payment International Enterprise (PIE) to launch a new POS device equipped with BENEFIT’s QR payment service.
This initiative forms part of the joint efforts to expand the range of innovative digital payment solutions available to merchants and to enhance the overall payment experience for customers.
Within this framework, a cooperation agreement was signed between the two parties, represented by Mr. Ahmed AlMahri, Assistant General Manager Business Development & Services at BENEFIT, and Mr. Shabbir Modi, General Manager of Payment International Enterprise. This collaboration reflects a shared commitment to introducing a practical payment solution that streamlines collection processes for merchants and delivers a smoother and more convenient payment experience for customers.
The newly launched POS device is distinguished by its ability to accept QR based payments without the need for additional equipment or external devices.
This capability enables merchants to enhance the efficiency of daily operations, accelerate transaction processing, and support an improved customer shopping experience, while aligning with the growing demand for flexible, accessible, and secure digital payment solutions.
Commenting on the partnership, Mr. Ahmed AlMahri, Assistant General Manager Business Development & Services at BENEFIT, stated: “We are keen to strengthen collaboration with payment solution providers to expand the reach and impact of our advanced FinTech services. This approach responds to the evolving needs of merchants and individuals, while supporting Bahrain’s position as a leading regional hub for technology and innovation within the digital financial services landscape. The initiative also aligns with BENEFIT’s strategy to empower private sector partners to adopt advanced payment solutions and further expand the use of secure electronic payment systems.”
Mr. Shabbir Modi, General Manager of Payment International Enterprise, stated: “The launch of the new QR enabled POS device in collaboration with BENEFIT reflects our commitment to delivering modern and practical transaction solutions that meet the highest standards of quality and processing efficiency. This solution addresses the evolving expectations of merchants in the Bahraini market by simplifying daily collection activities, improving operational performance, and providing reliable technologies that enhance the overall transaction experience for both merchants and customers.”
