October 2021 (Manama, Bahrain) – The kingdom’s leading regional player in electronic financial transactions; BENEFIT received the eGovernment Excellence Award 2021 for ‘The Best Application for the Smart Devices Award’. BENEFIT won the award on the strength of its mobile application; BenefitPay, which was designed to meet the unique needs of both consumers and business that enables fast, secure, and convenient payments.
The Smart Devices Award recognizes the private sector entities that provide a smart device application to their end users with the aim of reducing the cost, time, and effort in accomplishing a task or a series of tasks. The award comes as recognition of BENEFIT’S leading efforts to push the boundaries within the Financial ecosystem in the Kingdom. This achievement further validates BENEFIT’s unparalleled endeavors in the Kingdom as the top FinTech industry leader, inline with Bahrain’s Economic Vision 2030.
The eGovernment Excellence Award was created under the Patronage of HH Sheikh Mohammed Bin Mubarak Al Khalifa, Deputy Prime Minister and Chairman of the Supreme Committee for Information and Communication Technology (SCICT), the eGovernment Excellence Award is a strategic platform launched by the Information & eGovernment Authority to recognize and reward the Kingdom of Bahrain’s pioneering ICT initiatives.
BENEFIT’s CE Abdulwahed AlJanahi “This prestigious award is the result of all our collective efforts as a team, and the support of our partners. Everyday we try to reimagine what mobile banking could be, and what solutions that need to be developed or advanced to enhance the economy and its citizens. This award comes at a time where Bahrain has achieved outstanding milestones, leading the financial ecosystem in MENA. We will continue to revolutionize the payments scene and provide value added services to achieve Bahrain’s vision.
BENEFIT’s reputation as the Kingdom’s leader in financial transactions has been further solidified through several awards and accolades, which included the ‘Smart Finance Award’ for the BenefitPay Application, which goes towards BenefitPay’s rollout of several cashless initiatives within the kingdom that have supported in nourishing sustainable growth. In addition, this year, BENEFIT has been awarded with the “Best Digital Wallet (BenefitPay App)” award for 2021 by the Pan Finance Awards.
The eGovernment Excellence Award brings together a range of national projects and initiatives to embrace ICT excellence in diverse areas through participations from the Public and Private sectors, as well as submissions by NGOs and citizens, furthering digital transformation to achieve the objectives of Bahrain Economic Vision 2030.
BenefitPay has over 4000 merchants with more than 700K registered users using the platform. The total payments value in the EFTS via the “BenefitPay” application is BD 2 billion in the first half of 2021.