Payment International Enterprise Becomes Principal Licensee for Mastercard

Press release
Published June 10th, 2018 - 07:41 GMT
Fawaz Ghazal, CEO PIE , Samrat Raj, Country Manager, Bahrain at Mastercard
Fawaz Ghazal, CEO PIE , Samrat Raj, Country Manager, Bahrain at Mastercard

Payment International Enterprise (PIE) has announced that it has become a principal licensee for Mastercard. With this development, PIE has renewed its strategic commitment to providing innovative, reliable, and efficient financial products for its customers in the MENA region.

PIE is a leading specialist in prepaid, mobile, and NFC solutions for the banked and unbanked at the core of customers payment needs. The company offers the full value chain of cashless payment including various types of prepaid products for the banking and telecom sectors. In addition, it will offer online check-out solutions such as Masterpass, a digital wallet that allows consumers to store card information in a secure location, providing a hassle-free way to make convenient, simple, fast and safe payments while enhancing and simplifying the physical and digital shopping experience

The company has been investing heavily in infrastructure development, thus making high-value commitments to the future and striving to provide its customers with end-to-end services as a single provider. One of the company’s major projects in 2016 was the launch of eGov kiosks and TAM-Dinar project for government institutions in Bahrain to facilitate ease of payments for government services. This successful project is one of many strategies PIE is undertaking to lead the way in moving towards a cashless society and innovating alternative payment options for a modern world.

Fawaz Ghazal, CEO, PIE stated: “This is a major milestone for PIE. The Mastercard license allows us to provide international player products to our clients and expand our services beyond conventional payments. Our newly-formed partnership will play a vital and crucial role towards our commitment to transform Bahrain into a cashless society by 2030.  We look forward to the future and will continue to take major leaps through our collaboration with Mastercard.”

Fawaz added: “This comes at a strategic time when the Kingdom’s government is looking to mandate a Wage Protection System (WPS) solution which is set for implementation on a national level. Our partnership with Mastercard will allow us to provide outstanding end-to-end solutions that serve employers and employees in the best of our capacity within the region.”

“We are pleased to announce the licensing of Payment International Enterprise. Mastercard is at the forefront of driving cashless payments in the MENA region and we believe in working with likeminded organizations to achieve our vision of a world beyond cash,” added Samrat Raj, Country Manager, Bahrain at Mastercard.

Background Information


Electronic payments have the ability to create a world with greater opportunities for all. To take us beyond borders, to new markets. Beyond mere moments, to meaningful experiences. That's the power of a World Beyond Cash®. And that's Priceless®.

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