BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of a Digital Direct Debit service through its BenefitPay app, thus expanding the kingdom’s push toward cashless payments.
The Bahrain Association of Banks (BAB) and BENEFIT, the leading fintech and electronic financial transactions service provider in the kingdom, held a strategic meeting to review the company’s corporate strategy for 2025–2027, in a move aimed at accelerating digital transformation across Bahrain’s financial sector.
Bahrain has seen a significant growth in online payments processed through the Electronic Funds Transfer System (EFTS) across all channels, including banking platforms and the BenefitPay app, said BENEFIT, Bahrain’s leading fintech and electronic financial transactions service provider.
BENEFIT, a leading company in Bahrain's fintech sector, has joined hands with Safa, a voluntary carbon offsetting platform and a portfolio company of the kingdom's sovereign wealth fund Mumtalakat, in a move aimed at driving Bahrain’s sustainability and climate action initiatives.
BENEFIT, Bahrain’s leading company in Fintech and electronic financial transactions service, has signed a linkage agreement with NPCI International Payments Limited (NIPL) – India, to enable seamless integration between Bahrain’s Electronic Fund Transfer System (EFTS), specifically Fawri+ service, and India’s Unified Payments Interface (UPI).
