What is BenefitPay? BenefitPay Review, Features

BenefitPay, part of ENEFIT, inspires and enables individuals, institutions and societies to unlock new opportunities by delivering cutting-edge business and lifestyle solutions that are essential in everyday life.

About BenefitPay

BENEFIT was established in November 1997 by 17 commercial banks as Bahrain's national ATM and point-of-sale switch. It was initially licensed by the Central Bank of Bahrain (CBB) as a "provider of ancillary services to the financial sector" and soon expanded to markets outside of Bahrain. ENEFIT was established to enable Bahrain's financial industry to build strong and lasting connections with their customers across a wide geographical range. In addition, BENEFIT helps guide these connections to enrich the value quotient of their interactions with member banks and other stakeholders.

As the key conduit for all electronic financial transactions in Bahrain, BENEFIT's success is achieved through a skilled workforce, cutting-edge technology, focused strategic planning and initiatives, and a determination to provide the most modern financial services to those living in Bahrain. The vision is to shape the future of society through innovative digital solutions.

Products and Services

• Personal Services

BenefitPay

Bahrain Credit Bureau

• Other Services

loan

account

Bahrain Cheque Truncation System

GCC Network Dispute Management System

Point of sale

ATM

Serve

• Business Services

BenefitPay

Bahrain Credit Bureau

Lending Bank

eKYC

Payment Gateway

Benefit Fintech Lab

Development History

-1997: ATM&POS

-1999: GCCNet ATM

-2002: Direct lending

-2006: Payment Gateway

-2009: SINNAD & GCCNet Dispute System

-2019: Know Your Customer (e-KYC)

-2021: E-Cheque