‘Buy Now Pay Later’ to be Explored in Bahrain

by BTM

Wed, 01 March 2023

‘Buy Now Pay Later’ to be Explored in Bahrain

CrediMax and the BENEFIT Company recently signed an MoU to explore innovative business models for financing consumer products integrated into the customer shopping journey with a focus on elevating the customer’s financial digital experience.

Through the collaboration, CrediMax will leverage its existing assets and its ecosystem of technical and financial partnerships, while BENEFIT will provide access to their APIs which will facilitate digital onboarding, credit assessment for instant credit offering, authentication and repayment. Furthermore, through their team of professionals, both parties will jointly endeavor to explore ‘Buy Now Pay Later’ financing best practice solutions with the aim of coming up with a recommended framework that will serve the BNPL ecosystem in Bahrain.

BENEFIT Company Chief Executive, Abdulwahed AlJanahi, said: “Enabling BNPL operation in the country is one of our strategic objectives and we look forward with this partnership for a successful implementation with CrediMax,and other market players and credit providers, to enhance the customer shopping experience.”

CrediMax Chief Executive, Ahmed A. Seyadi said: “We are proud to continue to do what we know and do best - provide excellent customer service and bring the most innovative and easy to use products and services to the financing ecosystem.”