The BENEFIT Company, officially known as Bahrain Electronic Network for Financial Transactions, is the Kingdom of Bahrainâs national electronic financial transactions network, established in 1997. Licensed by the Central Bank of Bahrain as a provider of ancillary services to the financial sector and manages Bahrain Credit Reference Bureau.
BENEFIT delivers secure and innovative payment solutions that support the countryâs financial ecosystem. Its core services include ATM and POS switching, payment gateways, direct debit, electronic cheque clearing, electronic know you customer (eKYC) and the widely adopted mobile payment application (eWallet), BenefitPay. Committed to driving digital transformation, BENEFITâs vision is to shape the future of society through advanced financial technologies, ensuring seamless connectivity for banks, businesses, and consumers.
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Licensed by the Central Bank of Bahrain as a provider of ancillary services to the financial sector and manages Bahrain Credit Reference Bureau.</span></p><p><span style="color: rgb(0, 0, 0);"> </span></p><p><span style="color: rgb(0, 0, 0);">BENEFIT delivers secure and innovative payment solutions that support the countryâs financial ecosystem. Its core services include ATM and POS switching, payment gateways, direct debit, electronic cheque clearing, electronic know you customer (eKYC) and the widely adopted mobile payment application (eWallet), BenefitPay. Committed to driving digital transformation, BENEFITâs vision is to shape the future of society through advanced financial technologies, ensuring seamless connectivity for banks, businesses, and consumers.</span> </p>, company_website=https://benefit.bh/, consent=1, exbhitor_id=jdfvv1rixu7mpedw3akq, exhibitortype={id=1, name='Exhibitor', order=0, label='Exhibitor'}, facebook=https://www.facebook.com/benefit.bh/, hs_child_table_id=0, hs_created_at=1778834499418, hs_deleted_at=0, hs_id=212916272413, hs_initial_published_at=1778834527632, hs_is_edited=false, hs_path=benefit-singapore-fintech-festival, hs_published_at=1780673707299, hs_updated_at=1780672511281, hs_updated_by_user_id=1603953, instagram=https://www.instagram.com/benefit.bh?igsh=MXhhNmUzb2R4MWRv, linkedin=https://www.linkedin.com/company/the-benefit-company-bsc/, page_path=benefit-singapore-fintech-festival, page_title=THE BENEFIT COMPANY B.S.C., primary_countryregion_of_business={id=17, name='Bahrain', order=16, label='Bahrain'}, product_description_five=<p>SINNAD offers banks and businesses a robust suite of digital payment solutions, covering debit, credit, prepaid, and virtual cards with tokenization and wallet integration. Supporting multi-channel paymentsâonline, in-store, mobile, and wearablesâacross global and local schemes, SINNAD ensures secure, seamless, and scalable experiences with real-time processing, risk management, and flexible settlement options.</p>, product_description_four=<p>SINNAD empowers financial institutions with end-to-end card management solutions for debit, credit, and prepaid cards across Visa and Mastercard. Built for flexibility and scale, it supports multi-network operations, advanced credit management, and intelligent risk tools. With customer-centric workflows and adaptable settlement features, SINNAD ensures secure, seamless card operations that drive growth.</p>, product_description_one=<p><span style="color: rgb(0, 0, 0);">BenefitPay is Bahrainâs national digital wallet, enabling secure</span></p><p><span style="color: rgb(0, 0, 0);">and convenient payments via smartphones. It supports fund transfers, bill</span></p><p><span style="color: rgb(0, 0, 0);">payments, and merchant transactions through Fawri+, Fawateer, QR payments, and</span></p><p><span style="color: rgb(0, 0, 0);">Tap & Go. Users can pay online, in-store, for fuel, and split bills. With</span></p><p><span style="color: rgb(0, 0, 0);">over 1.2M users</span></p><p><span style="color: rgb(0, 0, 0);">(about 80% of total population) and billions in</span></p><p><span style="color: rgb(0, 0, 0);">transactions, BenefitPay drives Bahrainâs cashless economy and digital</span></p><p><span style="color: rgb(0, 0, 0);">innovation.</span></p><p><span style="color: rgb(112, 105, 100);"> </span></p>, product_description_three=<p><span style="color: rgb(0, 0, 0);">Bahrainâs national eKYC platform enables financial institutions</span></p><p><span style="color: rgb(0, 0, 0);">to securely verify customer identities and retrieve KYC data digitally using</span></p><p><span style="color: rgb(0, 0, 0);">biometric verification, e-key, or electronic consent. It streamlines</span></p><p><span style="color: rgb(0, 0, 0);">onboarding, reduces fraud, ensures compliance, and integrates with banking</span></p><p><span style="color: rgb(0, 0, 0);">systems and mobile apps. Supporting banks, exchange houses, and insurers, it</span></p><p><span style="color: rgb(0, 0, 0);">drives efficiency and digital transformation in the financial sector.</span></p>, product_description_two=<p><span style="color: rgb(0, 0, 0);">Bahrain Credit Reference Bureau (BCRB), operated by The BENEFIT</span></p><p><span style="color: rgb(0, 0, 0);">Company and licensed by the Central Bank of Bahrain, is the Countryâs</span></p><p><span style="color: rgb(0, 0, 0);">central hub for credit information. It collects and analyzes data from banks</span></p><p><span style="color: rgb(0, 0, 0);">and financial institutions to provide credit reports for individuals and</span></p><p><span style="color: rgb(0, 0, 0);">businesses. These reports help lenders assess creditworthiness, ensuring</span></p><p><span style="color: rgb(0, 0, 0);">transparency and trust in Bahrainâs financial ecosystem.</span></p>, product_name_five=Digital Payments, product_name_four=Card Issuing, product_name_one=BenefitPay, product_name_three=eKYC, product_name_two=Bahrain Credit Reference Bureau, record_skip=0, sff_website_url=benefit-singapore-fintech-festival, sort_type={id=20, name='T', order=19, label='T'}, x_formerly_known_as_twitter=https://x.com/benefitbh?s=21&t=Xc1ljcHVuZQB2cAp5f0rsA})
Products and Services
| Products and Services |
Description |
| BenefitPay |
BenefitPay is Bahrainâs national digital wallet, enabling secure and convenient payments via smartphones. It supports fund transfers, bill payments, and merchant transactions through Fawri+, Fawateer, QR payments, and Tap & Go. Users can pay online, in-store, for fuel, and split bills. With over 1.2M users (about 80% of total population) and billions in transactions, BenefitPay drives Bahrainâs cashless economy and digital innovation. |
| Bahrain Credit Reference Bureau |
Bahrain Credit Reference Bureau (BCRB), operated by The BENEFIT Company and licensed by the Central Bank of Bahrain, is the Countryâs central hub for credit information. It collects and analyzes data from banks and financial institutions to provide credit reports for individuals and businesses. These reports help lenders assess creditworthiness, ensuring transparency and trust in Bahrainâs financial ecosystem. |
| eKYC |
Bahrainâs national eKYC platform enables financial institutions to securely verify customer identities and retrieve KYC data digitally using biometric verification, e-key, or electronic consent. It streamlines onboarding, reduces fraud, ensures compliance, and integrates with banking systems and mobile apps. Supporting banks, exchange houses, and insurers, it drives efficiency and digital transformation in the financial sector. |
| Card Issuing |
SINNAD empowers financial institutions with end-to-end card management solutions for debit, credit, and prepaid cards across Visa and Mastercard. Built for flexibility and scale, it supports multi-network operations, advanced credit management, and intelligent risk tools. With customer-centric workflows and adaptable settlement features, SINNAD ensures secure, seamless card operations that drive growth. |
| Digital Payments |
SINNAD offers banks and businesses a robust suite of digital payment solutions, covering debit, credit, prepaid, and virtual cards with tokenization and wallet integration. Supporting multi-channel paymentsâonline, in-store, mobile, and wearablesâacross global and local schemes, SINNAD ensures secure, seamless, and scalable experiences with real-time processing, risk management, and flexible settlement options. |