"CrediMax" and "Unipal" cooperate to explore creating a new redemption model in Bahrain Friday, October 09, 2026 CrediMax, the leading provider of electronic payment solutions in the Kingdom of Bahrain, signed a memorandum of understanding with Unipal on the sidelines of the FinTech Future Forum 2026, to study opportunities for technical integration between Unipal's platform and CrediMax's point-of-sale devices, and to examine the requirements for making this integration available to participating merchants, as part of the company's keenness to develop solutions that keep pace with the needs of the business sector and support the development of the digital payments ecosystem in the Kingdom. Today, offer redemption and payment for purchases are mostly two separate moments. The two parties will study how to combine them, so that redemption becomes part of the payment process itself, making it a future redemption experience that is the first of its kind in the Kingdom. The memorandum sets a framework for cooperation in assessing the technical feasibility of the proposed integration and defining its design and scope, including the possibility of testing it within a pilot project or prototype. It also addresses studying the necessary commercial and operational terms, enabling both parties to form an integrated vision of the implementation requirements and their suitability to the nature of merchants' businesses. On this occasion, Mr. Mohammed Rashid Al-Satihi, Head of Strategic Accounts and Acting Head of Customer Services and Sales at CrediMax, said: "We are keen to build partnerships based on a precise understanding of merchants' needs and that contribute to developing the value that payment solutions provide to their businesses. Our cooperation with Unipal is an opportunity to study how to leverage the capabilities of both parties to create practical applications that combine digital services and the payment experience, with a focus on ease of use and operational efficiency. We look forward to working with the Unipal team to exchange knowledge and study available options, helping to identify implementable cooperation opportunities that deliver clear value to merchants and their customers." For his part, Ali Al-Alawi, CEO of Unipal, said: "It is an ambitious idea, and some may describe it as dreamy. But this is the essence of innovation. The redemption experience today needs a real transformation, and it needs a partner who believes in future innovation. Therefore, we are pleased to explore with CrediMax how we can create this transformation together. This memorandum comes within CrediMax's ongoing efforts to employ its expertise in the payments sector and build collaborative relationships that support innovation, and to study solutions that suit its partners' aspirations and the evolution of commerce patterns and digital services." Read also

Unipal, the biggest youth platform in the region, has been honoured with the prestigious Mastercard Startup of the Year 2025 award during the Startups and SMEs Excellence Awards.