Sinnad Bahrain gets Visa International licence
MANAMA, May 26, 2018
Sinnad, the region’s leading card processing service provider with advanced card payment solutions, said it has received its payments processing license from global digital payments leader Visa International.
This will help support its vision to expand into Bahrain as a payments service provider, and back local and regional markets by utilizing the new and fully integrated programme.
"Receiving the licence from Visa International is a major milestone in Sinnad’s strategic expansion plan," remarked Rana Almaeeli, the general manager, Sinnad.
"Visa is one of Sinnad’s main offerings, and we have always aimed to diversify our services by adopting international schemes. The licence win will grant the group an opportunity to better cater to our banks’ needs through a wide variety of services," she stated.
Shashank Singh, Visa’s general manager for Bahrain, Kuwait, and Oman, said: "Third party payment processors are an important part of the payments ecosystem, helping financial institutions with a wide array of transaction processing services and providing speed and agility to their processing capabilities."
"Visa is happy to partner with third party processors like Sinnad who share Visa's commitment to reliability, security and speed and to serving our client banks and cardholders in Bahrain," stated Singh.
Almaeeli said Sinnad looked forward to utilising the Visa licence to its full capacity. "We provide
state-of-the-art solutions in cards processing to banks across the MEA region and will continue offering high-quality deliverables that cater to the needs of the business community," she added.-TradeArabia News Service
