Payment International Enterprise (PIE) has launched a platform that aims to transform and enhance the lending experience within the kingdom, enabling consumers to access credit with just a few taps. 

 

The platform is one of the first digital lending products by PIE, one of Bahrain’s first and largest FinTech companies to complete the testing phase and is in the process of applying for the relevant licences. 

 

The FinTech innovator is licensed by the CBB as a payment service provider, prepaid card issuer, card processor, acquirer, and e-wallet & e-money issuer. In Bahrain and the region, PIE has been creating innovative solutions and services for individuals and corporations including TAM Wallet, TAM Kiosk, TAM Cards, TAM mPOS, TAM Dinar, and Wage Protection System (“WPS”) service. 

 

Fawaz Ghazal, CEO of PIE commented on this milestone “We are thrilled that we will be offering our digital-first approach and solution to lending in the kingdom soon.” 

 

He added: “This is the right time, especially with the pandemic that has brought drastic changes and amplified the need for digital processes across all financial services to reach consumers and businesses beyond branches. Furthermore, it has challenged the way lenders have historically operated across the globe. We are creating financial products for today’s customers who expect a decision in minutes and cash in days.” -- TradeArabia News Service