Bede Bahrain Launches Multi-Currency World Prepaid Mastercard With SINNAD
The premium digital-first prepaid card is designed to provide customers with greater flexibility and convenience when spending locally, internationally and online, further expanding Bede’s digital financial services offering.
Bede Bahrain, the innovative microfinance solutions app, has announced the launch of its new Multi-Currency World Prepaid Card, in partnership with SINNAD, a subsidiary of The BENEFIT Company and a leading provider of card processing and payment services in the MENA region, and Mastercard, a global technology company in the payments industry and a leading provider of innovative digital payment solutions worldwide.
The premium digital-first prepaid card is designed to provide customers with greater flexibility and convenience when spending locally, internationally and online, further expanding Bede’s digital financial services offering.
Bede app enables customers to manage and exchange six supported currencies – BHD, USD, GBP, EUR, SAR and AED – through the Bede App at competitive rates. Customers can apply through the app, access an instantly issued virtual card, and manage their card digitally.
As part of the launch, the first 1,000 customers who successfully apply through the Bede App will receive BD10 credited to their card as a welcome gift.
As a World Mastercard, the card provides access to a range of travel, dining, shopping and lifestyle benefits, including access to more than 1,300 airport lounges worldwide, as well as selected hotel and travel offers.
“The launch of the Bede Multi-Currency World Prepaid Mastercard marks another important step in expanding our digital financial services and providing customers with greater flexibility, convenience and control over how they manage their spending. Through our partnership with SINNAD and Mastercard, we are bringing together digital accessibility, global acceptance and premium benefits within one seamless experience through the Bede App.”
– A. Nasser Al-Rayes, CEO, Bede Bahrain
“We are proud of our collaboration with Bede Bahrain, leveraging SINNAD’s advanced technologies and integrated payment solutions to enable an innovative and seamless payment experience. This collaboration reflects SINNAD’s role in empowering fintechs with advanced capabilities that support their innovations and keep pace with the rapid evolution of the payments landscape.”
– Mrs. Rana Almaeeli, Chief Executive, SINNAD
“Bede’s successful launch of the Mastercard World Prepaid Card demonstrates the power of collaboration in accelerating fintech innovation and advancing Bahrain’s digital economy agenda. Together, we have brought a modern digital payments proposition to market that expands consumer choice, supports digital adoption, and reinforces Bahrain’s position as a leading fintech hub in the region. We are proud to celebrate this milestone alongside our partners and the broader fintech ecosystem at FinTech Forward Bahrain.”
– Saud Swar, Country Manager KSA, Bahrain, Jordan & Levant, Mastercard
Customers can apply for the card through the Bede App, subject to eligibility and applicable terms and conditions, where they can complete the onboarding process, load funds and manage their card digitally.
