SINNAD: Teamed up with trusted partner Compass Plus

  • SINNAD, a leading GCC third-party payment service provider based in Bahrain
  • Teamed up with trusted partner Compass Plus to enable its customer banks to offer consumers seamless and secure mobile payments
  • SINNAD successfully certified its processing center, built on Compass Plus solutions, with the tokenization service from BENEFIT
  • As part of a strategy to set Bahrain as a regional FinTech hub the Central Bank of Bahrain and BENEFIT the country’s national switch introduced BenefitPay
  • BenefitPay a wallet that also allows consumers to conduct electronic fund transfer and pay for goods and services
  • All local BenefitPay tokenized transactions received from SINNAD’s customers routed via BENEFIT
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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