Eazy joins BENEFIT as payment gateway and POS acquirers
By Leandra Monteiro
Eazy Financial Services, a Bahrain based licensed Payment Service Provider Company, has joined BENEFIT, a FinTech and electronic financial transactions service to be an authorized Payment Gateway and POS acquirers. With this agreement, Eazy will be an authorized member of BENEFIT switch services to offer payment acceptance to the merchants through Payment Gateway to support online payment and POS for on-counter payment in the merchants’ shops.
BENEFIT’s Payment Gateway and POS solutions will provide secure and real-time transaction processing, easy report generation, payment settlements and account reconciliation process. Furthermore, Eazy will have access to BENEFIT’s POS network that covers the POS transactions enabling any BENEFIT card holder to pay at any POS terminal in Bahrain.
BENEFIT’s Chief Executive, Abdulwahed AlJanahi commented, “We are glad to onboard Eazy Financial Services as an authorized acquirer for our POS and payment gateway services. Creating and solidifying local, regional and global partnerships is in line with our innovative and progressive fintech strategy in the MENA region. Additionally, these partnerships reflect confidence in BENEFIT’s services and solutions and their ability to deliver value to various institutions and small and medium businesses in the Kingdom.”
Eazy Financial Services Founder & CEO, Nayef Tawfiq Al Alawi said, “We are excited to partner with BENEFIT to offer our merchants and members the unrivalled experience and improved service levels that they deserve. Since its conception, Eazy has dedicated itself to offering innovative solutions with simple implementation that requires minimal effort, time, and investment for our members and merchants. We look forward to fostering a productive relationship with BENEFIT for many years to come.”
BENEFIT is the key conduct for electronic transactions throughout Bahrain and includes a range of services such as operating Automated Teller Machines, Point of Sale, Credit Reference Bureau, and Amex Cards, which are connected throughout GCC countries with GCCNet, along with a national eWallet among other services.
Eazy is an Ancillary Service provider, that is regulated by the Central Bank of Bahrain. They preserve a Biometric Payment Network that facilitates transactions based on biometrics. Eazy offers secure biometric transactions for in-store payments, cash withdrawal, identification services, and more.
IBSi Daily News Analysis
March 05, 2024
Regulated firms at risk of financial crime due to lack of daily customer due diligenceRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage