BAHRAIN’S
Electronic Network
For Financial Transactions
Continuous Improvement Numbers that define our commitment
11M
Transactions in Fawri
in 2022
245M
Transactions in Fawri+
in 2022
12M
Transactions in Fawateer
in 2022
252.5M
BenefitPay
Total Transactions
1.3M
BenefitPay
Number of Users
Abdulwahed AlJanahi, CE
The BENEFIT Company has remained a true champion for Bahrain’s credentials as the regional financial hub as well as a true advocate for its position as a business friendly destination.
Why BENEFIT?Get your personal reasons
Wide Range of Services
The BENEFIT Company was formed to enable the financial sector in Bahrain to forge strong and lasting connections with their customers from across a wide geographical base. Moreover, BENEFIT helps steer these connections towards enriching the value quotient in all of their interactions with member banks and other stakeholders.
Focused on Bahrainisation
At the heart of BENEFIT’s success story is the contribution of its highly qualified staff – majority of whom are Bahrainis. This highlights the triumph of the company’s Bahrainisation policies and the world class talent available amongst young Bahrainis.
Shareholders
BENEFIT is administered by a Board of Directors who represents the shareholders. The company’s paid-up capital is to the value of BD 3.1 million (US$ 8.2 million approx.). The original 17 shareholders have now become 13 as a result of mergers and acquisitions in the retail banking sector.
Commitment
BENEFIT remains committed to strengthen Bahrain’s position as the financial hub of the region and hence, continues to provide robust infrastructural support for the financial industry – enabling the banking community to seamlessly connect with their customers and help them achieve their goals.
Latest News What’s happening around
In line with Bahrain’s Directions in Fostering Financial and Fintech Ecosystem BENEFIT Acquires Bahrain Fintech Bay in Landmark Partnership Agreement
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions services, announces the signing of an agreement to acquire Bahrain FinTech Bay (BFB). This agreement seeks to accelerate the sustainable investment in Bahrain’s fintech ecosystem thereby paving the way for a robust, future ready financial services sector.
BENEFIT and Reboot Coding Institute Join Forces to Empower Bahrain's Tech Talent
Reboot Coding Institute (Reboot01), the first-of-its-kind on-campus coding institute in the Kingdom of Bahrain, part of the 01Edu global network of coding schools, announced its partnership with BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions services.
BENEFIT REACHES TOTAL VALUE OF OVER 14 BILLION BAHRAINI DINARS WORTH OF ELECTRONIC FINANCIAL TRANSACTIONS IN FIRST HALF OF 2023
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions services, has reached a total volume of 161.9 Million transactions for all electronic fund transfer transactions (Fawri, Fawri+ and Fawateer) through BenefitPay during the first half of 2023, a 42.4% increase in volume compared to the first half of 2022.
