Media Center

SNIC Insurance embraces digital transformation and adopts TAM Dinar for cashless payments

SNIC Insurance has gone cashless and started accepting TAM Dinar as an alternative to cash. This is in line with the company’s overall strategy to embrace digital transformation and go cashless. TAM Dinar, which is a cashless payment solution launched in 2016 in Bahrain by Payment International Enterprise’s (PIE), has over 30 entities currently using the service and paving the way for others for a digital future. 

SNIC Insurance has been protecting business and families since 2006 and fulfilling its mission in pursuit of excellence and exceeding customer expectations. TAM Dinar allows SNIC Insurance to embed a seamless way of operating, which enhances the customer experience in an age where individuals demand simplicity, easier access, and flexibility from their insurance providers. TAM Dinar supports businesses by allowing them to innovate whilst a cashless economy is on the horizon. PIE’s solutions allow corporates to optimize their operations and adapt to changing consumer demands.

At SNIC we look to create real value for our clients and distinguish ourselves from conventional customer servicing methods. We tailor our approach to suit each client's individual needs ensuring we achieve the best possible outcome. Leading the way with Industry Best Practice we push the boundaries with our unique and innovative approach.

TAM Dinar is utilized by public and private entities within the kingdom, who have gone cashless utilizing PIE’s innovative solution. It consists of a payment receipt issued from PIE’s kiosks that can be used to pay in institutions adopting TAM Dinar as a cash alternative, without the hassle of managing cash. 

Khalid Al Shaikh General Manager of S NIC Insurance, stated “TAM Dinar is another solution that we bring to our customers as we continue to empower people and corporations covering their risks with the most innovative and meaningful solutions with the goal of exceeding our customers’ expectations.

Fawaz Ghazal, CEO of PIE, stated “for the insurance sector, going cashless is a business priority. Most organizations are very aware that choosing the cashless path should be at the heart of what they do, and the engine of the industry as a whole. These strategic partnerships pave the way for others and will lessen their dependence on cash. PIE has always been at the forefront transforming industries and working towards Vision 2030 to create a digital future for all.

< go back