Benefit has announced the launch of its instant financial transfer service between bank accounts using mobile phone numbers. The service, through BenefitPay, according to Abdulwahed AlJanahi, Chief Executive Officer of Benefit, “is the first of its kind in e-wallets and shall serve a wide range of customers both individuals and corporates”.
The facility, he said is “safe, easy and quick” as it allows users to identify the debit and the receiving accounts. BenefitPay, Deputy General Manager of Benefit, Yousif AlNefaiei, is unique, as the transactions are conducted by customers using the mobile phone number of the receiving individual, given that they are Benefit- Pay users.
“This service is considered very practical because the user is not required to know the bank account number of the receiving individual,” he stressed.
BenefitPay is the national e-wallet for Bahrain, which allows customers to pay electronically using their mobile phones. The application that can store all ATM relies on international standards of payment cards industry and data security (PCI-DSS).