BENEFIT, the Bahraini regional leader in electronic financial transactions, recently launched an open remittance platform within the services provided through the BENEFIT Pay app. This announcement comes after the launch of the remittance service through “BenefitPay” last November, which allows all users of the application to make international money transfers, to be the first of its kind in the region, which confirms the commitment of BENEFIT Company to play an important role in the ecosystem. today’s financial
(Manama, Kingdom of Bahrain): The BENEFIT Company, the leading Bahraini company in the region in electronic financial transactions, recently announced the launch of the open remittance platform within the services provided through the “Benefit Pay” application.
This announcement comes after the launch of the remittance service through “BenefitPay” last November, which allows all users of the application to make international money transfers, to be the first of its kind in the region, which confirms the commitment of BENEFIT Company to play an important role in the ecosystem. today’s financial
The remittance market through the “BenefitPay” application provides an open platform for all licensors that provide remittance services, which makes cross-party integration much easier, as APIs can be shared between them and thus speed up the process of reaching the market. The platform also serves as a one-stop shop for customers to get the best services from the listed service providers. BENEFIT will soon have more than three partners on the platform, as the market evolves.
In addition, BENEFIT offers Direct Processing (STP) service as a value-added feature for virtual payments and as part of this service, simplifying the process of setting up service providers and making the payment process fully electronic and automated. It also reduces the time required to complete the transaction and ensures a positive and comfortable user experience.
Furthermore, BENEFIT, being a major player in FinTech and Financial Services, has taken care to implement advanced direct processing technology, allowing for a faster settlement process in order to keep pace with the ever-changing aspects of technology without affecting the security features.
On this occasion, Mr. Ahmed Al-Mahri, Head of Business Services at BENEFIT Company, said: “At BENEFIT, we always strive to provide platforms and solutions that enable smooth and safer experiences for service providers and users alike. The outbreak of the pandemic has posed a threat to remittance flows, Thus, the remittance market will create an inclusive environment that allows cross-border fund transfer in a simple and cost-effective manner. We are looking forward to bringing together more partners and providers to create an opportunity for users to make international payments anytime and anywhere.”
It is worth noting that this service is in line with the national system for payment through the electronic wallet, and expands the offers of the “BenefitPay” application in response to the application users’ need for high-quality services. Today, more than 800,000 registered users benefit from the application, which provides services including money transfer, bill payment and various purchases in a fast, convenient and secure way.
Furthermore, BENEFIT, being a major player in FinTech and Financial Services, has taken care to implement advanced direct processing technology, allowing for a faster settlement process in order to keep pace with the ever-changing aspects of technology without affecting the security features.
On this occasion, Mr. Ahmed Al-Mahri, Head of Business Services at BENEFIT Company, said: “At BENEFIT, we always strive to provide platforms and solutions that enable smooth and safer experiences for service providers and users alike. The outbreak of the pandemic has posed a threat to remittance flows, Thus, the remittance market will create an inclusive environment that allows cross-border fund transfer in a simple and cost-effective manner. We are looking forward to bringing together more partners and providers to create an opportunity for users to make international payments anytime and anywhere.”
It is worth noting that this service is in line with the national system for payment through the electronic wallet, and expands the offers of the “BenefitPay” application in response to the application users’ need for high-quality services. Today, more than 800,000 registered users benefit from the application, which provides services including money transfer, bill payment and various purchases in a fast, convenient and secure way.
Furthermore, BENEFIT, being a major player in FinTech and Financial Services, has taken care to implement advanced direct processing technology, allowing for a faster settlement process in order to keep pace with the ever-changing aspects of technology without affecting the security features.
On this occasion, Mr. Ahmed Al-Mahri, Head of Business Services at BENEFIT Company, said: “At BENEFIT, we always strive to provide platforms and solutions that enable smooth and safer experiences for service providers and users alike. The outbreak of the pandemic has posed a threat to remittance flows, Thus, the remittance market will create an inclusive environment that allows cross-border fund transfer in a simple and cost-effective manner. We are looking forward to bringing together more partners and providers to create an opportunity for users to make international payments anytime and anywhere.”
It is worth noting that this service is in line with the national system for payment through the electronic wallet, and expands the offers of the “BenefitPay” application in response to the application users’ need for high-quality services. Today, more than 800,000 registered users benefit from the application, which provides services including money transfer, bill payment and various purchases in a fast, convenient and secure way.
Furthermore, BENEFIT, being a major player in FinTech and Financial Services, has taken care to implement advanced direct processing technology, allowing for a faster settlement process in order to keep pace with the ever-changing aspects of technology without affecting the security features.
On this occasion, Mr. Ahmed Al-Mahri, Head of Business Services at BENEFIT Company, said: “At BENEFIT, we always strive to provide platforms and solutions that enable smooth and safer experiences for service providers and users alike. The outbreak of the pandemic has posed a threat to remittance flows, Thus, the remittance market will create an inclusive environment that allows cross-border fund transfer in a simple and cost-effective manner. We are looking forward to bringing together more partners and providers to create an opportunity for users to make international payments anytime and anywhere.”
It is worth noting that this service is in line with the national system for payment through the electronic wallet, and expands the offers of the “BenefitPay” application in response to the application users’ need for high-quality services. Today, more than 800,000 registered users benefit from the application, which provides services including money transfer, bill payment and various purchases in a fast, convenient and secure way.
Moreover, the application recorded nearly 42,000 transactions with a total value of more than 6 million Bahraini dinars, this statistic demonstrates BENEFIT’s important contribution to the Kingdom’s financial sector through the latest technologies to expand its products, as well as the secure and easy user interface that it provides.