Insurance firms in Bahrain go cashless with TAM Dinar
Tuesday, 10 15 2019, Category: Technology, Country: Bahrain
Insurance organisations in Bahrain such as AXA Insurance, Medgulf Takaful, Bahrain National Insurance (BNI), Bahrain Kuwait Insurance Company (BKIC) and Takaful have gone cashless with TAM Dinar.
A product by Payment International Enterprise (PIE), TAM Dinar is currently being used by more than 30 entities, including the General Directorate of Traffic.
The way it works is that payment receipts issued from PIE kiosks can be used as a cash alternative for transactions at institutions adopting TAM Dinar, doing away with the hassle of managing cash.
PIE is then responsible for the collection of cash, reconciliation and settlements, thus alleviating all the cash burden on companies.
TAM Dinar allows insurance corporates to embed a seamless way of operating, which enhances their customers’ experiences in an age where individuals demand simplicity, easier access, and flexibility from their insurance providers.
The solution also allows corporates to optimise operations and adapt to changing consumer demands, said PIE.