
BENEFIT Unveils Visionary Roadmap to Advance Digital Payments
During the session, Ms. Al Kooheji outlined BENEFIT's strategy, highlighting advancements it brings to the digital payments' ecosystem, and also presented key milestones achieved by the company, notably the increase in instant payment activity, which reached 23 transactions per individual per month in 2024.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Biz Bahrain
15-07-2025
- Biz Bahrain
CBB Treasury Bills oversubscribed by 144%
This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 144% The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is July 16, and the maturity date is October 15. The weighted average rate of interest is 5.39% compared to 5.42% of the previous issue on July 2. The approximate average price for the issue was 98.656% with the lowest accepted price being 98.641%. This is issue No.2077 (ISIN BH0002A1T4A3) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.


Daily Tribune
10-07-2025
- Daily Tribune
BENEFIT Sharpens Bahrain's Fintech Edge with AI
TDT| Manama Bahrain's national payments leader BENEFIT has unveiled a bold AI-driven roadmap for 2025-2026, signalling a strategic push to reinforce the Kingdom's fintech leadership with cutting-edge payment services and SME-first innovations. Announced during the Central Bank of Bahrain's 'FS Horizons: Doubling Down on Digital' event, the new strategy prioritises secure, efficient, and inclusive financial infrastructure while integrating artificial intelligence, data monetisation, and cross-border interoperability. AI and SME focus Among the key pillars of the plan are partnerships with artificial intelligence firms to enhance payment systems, customised tools for small and medium-sized enterprises, and expansion of real-time international payment capabilities through regional collaborations. BENEFIT also aims to drive regional competitiveness by enhancing its data monetisation strategy and delivering seamless customer experiences that adapt to evolving financial behaviour. Regional ambitions The strategy includes a strong international component, with the company preparing to launch its services in select overseas markets. This move is expected to position Bahrain as an exporter of fintech infrastructure and innovation. During the announcement, Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services at BENEFIT, said the roadmap builds on Bahrain's strong digital base. She highlighted a major milestone from 2024, with instant payment usage reaching 23 transactions per person per month. Future outlook Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, said the new strategy reflects the company's commitment to advancing Bahrain's digital financial landscape while fostering a cashless economy and nurturing fintech talent. He emphasised the importance of an integrated ecosystem tailored to both individual and institutional needs. The roadmap's rollout is expected to bolster Bahrain's fintech credentials and inspire further digital transformation across the region.


Biz Bahrain
10-07-2025
- Biz Bahrain
BENEFIT Unveils Visionary Roadmap to Advance Digital Payments
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, unveiled its strategic roadmap for 2025-2026, introducing a range of exclusive and high-impact offerings. These include new payment services and features aimed at enhancing user experience, tailored payment solutions designed specifically for SMEs, as well as the facilitation of cross-border instant payment interoperability via strategic collaborations with regional and neighboring countries. BENEFIT's strategy aims to accelerate corporate growth by developing partnerships with artificial intelligence firms and enhancing data monetization. The strategy also outlines plans for international expansion, with BENEFIT poised to offer its services in select global markets to reinforce its role as a key enabler of digital transformation across the financial services landscape. Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, commented, 'We are pleased to unveil BENEFIT's strategic roadmap for 2025 and 2026, which reflects the company's leading role in advancing the digital financial landscape in Bahrain and across the region. This strategy is driven by our commitment to delivering secure and efficient payment solutions, expanding a network of high-impact partnerships, enhancing financial services infrastructure, promoting a cashless economy, and supporting the development of emerging talent in the fintech sector. These efforts form part of a broader vision to build an integrated ecosystem of innovative solutions tailored to the evolving needs of individuals and institutions alike.' The strategy was announced by Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services-BENEFIT Company, during her participation at FS Horizons: Doubling Down on Digital event, hosted by the Central Bank of Bahrain in partnership with the Bahrain Economic Development Board. During the session, Ms. Al Kooheji outlined BENEFIT's strategy, highlighting advancements it brings to the digital payments' ecosystem, and also presented key milestones achieved by the company, notably the increase in instant payment activity, which reached 23 transactions per individual per month in 2024.