Pie

Payment International Enterprise (PIE) is a Bahrain-based fintech company operating as a payment innovation and solutions provider. The company is licensed by the Central Bank of Bahrain as a payment service provider, prepaid card issuer, card processor, acquirer, and e-wallet & e-money issuer. PIE serves a diverse client base that includes banked, unbanked, and underbanked segments of society, as well as businesses and governmental entities. The company's business model revolves around providing a comprehensive financial ecosystem to facilitate a move towards a cashless society. Revenue is generated through its suite of financial products and services offered to both consumers and corporations.

The company was notably one of the first fintech firms in Bahrain to graduate from the Central Bank of Bahrain's regulatory sandbox. A significant milestone was achieved in 2016 with the launch of eGov kiosks and the TAM-Dinar project, which facilitated easier payment for government services. This initiative has expanded to include services such as customs fees and taxes, traffic fine payments, and vehicle registration renewals through self-service platforms. In June 2018, PIE became a principal licensee for Mastercard, enabling it to offer international products and further expand its services beyond conventional payments. The company is led by CEO Fawaz Ghazal, who brings 18 years of experience in telecom, sales, marketing, and technology startups.

PIE offers a wide array of products and services through multiple channels. Its consumer-facing services are delivered via "TAM" branded solutions, including TAM Kiosks, which are self-service machines for bill payments, government services, remittances, and vouchers located in commercial and governmental institutions. The company also provides TAM mPOS, which are Android-based payment devices for merchants, and the TAM Wallet e-wallet service. For businesses, PIE acts as a fintech enabler, offering tailored kiosk hardware and software, handling operations, and managing financial reconciliation and settlements. This allows businesses to accept both cash and card payments, digitizing their operations.

Keywords: payment solutions, fintech Bahrain, cashless society, financial inclusion, payment aggregation, e-wallet, bill payment, POS systems, government payment services, prepaid cards, payment processing, kiosk banking, mobile payments, digital wallet, Fawaz Ghazal, TAM Kiosk, Central Bank of Bahrain sandbox, Mastercard licensee, MENA fintech, financial services