The BENEFIT Company | Company Profile
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The BENEFIT Company
Overview
Bahrain’s leading electronic network for financial transactions, established in 1997 by 17 commercial banks, serves as the national ATM and Point of Sale (POS) switch. Licensed by the Central Bank of Bahrain, the company provides critical infrastructure and services to the financial sector, facilitating seamless electronic transactions throughout Bahrain and supporting regional markets.
Its service portfolio includes ATM and POS switching, GCCNET connectivity for cross-border payments, a payment gateway for local bank integration, and Bahrain’s check truncation system for efficient settlements. Payment innovations like Fawri and Fawri+, along with the mobile platform BenefitPay, support over 1.3 million users and advance digital financial inclusion and technological development in the region.
Basic Information
| Industry | Financial services |
|---|---|
| Founded | 1997 |
| Revenue | 45.3M |
| Headquarters | Manama, Capital Governorate, Bahrain |
Contact Details
- Phone: +973 1330 0300
- Website: benefit.bh
- LinkedIn: linkedin.com/company/the-benefit-company-bsc
Key Focus Areas & Initiatives
- ATM and POS switching
- GCCNET connectivity for cross-border transactions
- Digital payment solutions and mobile payment platform (BenefitPay)
- Check truncation system and same-day settlements
- Payment gateway integration for local banks
- Fast payment services (Fawri and Fawri+)
- Financial inclusion initiatives
- Security and technology innovation in payment systems
- Regional financial hub expansion
- Consumer and business payments
Technologies Used
- Android
- CloudFlare Hosting
- Cloudflare DNS
- Microsoft Office 365
- Outlook
Community
