Global Payment Services (GPS) the leading third-party processor specialized in outsourcing electronic payment Services is pleased to announce enabling BenefitPay & Mastercard MDES Tokenization in collaboration with Ithmaar Bank. Ithmaar Bank is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services.

The tokenization plan ensures that each actual physical card number will be replaced to a token number. It enables users to make safe digital payments through POS machines to buy a range of goods and services from different locations across the Kingdom of Bahrain. This shift emerges as a reaction to the dramatic increase in e-commerce purchases since the Coronavirus pandemic.

GPS is providing the latest and most Innovative FinTech solutions spanning across the entire electronic payment systems and providing a comprehensive processing services. All GPS services are geared towards serving banks and financial institutions locally and all over the world.