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Manama, Bahrain: BENEFIT, the Kingdom’s innovator and main firm in Fintech and digital monetary transactions service, hosted a delegation from Brunei final month to get acquainted with BENEFIT’s profitable cost infrastructure framework.
BENEFIT introduced their core options and implementation technique, together with key success components and challenges, in relation to immediate funds to Brunei’s delegation. That is consistent with their announcement earlier this yr to develop an immediate cost infrastructure to reinforce the business and socio-economic advantage of the nation.
BENEFIT’s cost infrastructure is taken into account to be some of the superior and main modules globally, therefore, the delegation goals to additional present an enabling setting by sharing key success methods carried out by BENEFIT over time.
Shafaq Alkooheji, Head of Fee Providers, BENEFIT commented, “We have now at all times performed a pioneering function in relation to digitizing our cost infrastructure within the Kingdom and the MENA area. Our success must be shared with different gamers within the area in order that we will construct enabling ecosystems in all places. It was a pleasure internet hosting representatives from Brunei in Bahrain, and sharing our profitable case research with its challenges and to additionally make clear insights that may simplify their cost journey as properly. We’re completely happy to help and contribute to Brunei’s Digital Fee Roadmap and stay up for witnessing innovation regionally and globally.”
Attributable to BENEFIT’s dominant presence within the MENA FinTech market, the corporate has hosted a number of data alternate periods and delegations to pave the way in which for different gamers within the area.
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About BENEFIT
BENEFIT was established in 1997 and is licensed by the Central Financial institution of Bahrain (CBB) as an ancillary service supplier to the Kingdom’s monetary companies business. BENEFIT is owned by Banks in Bahrain, regulated by the Central Financial institution of Bahrain (CBB), to offer revolutionary Fee Capabilities, Data Administration Options, and Enterprise Course of Outsourcing Providers throughout completely different sectors within the Kingdom of Bahrain and the Area.
BENEFIT’s vary of companies – supported by GCCNet in nations throughout the area – embrace working of Automated Teller Machines (ATM), Level of Sale (POS), GCCNet, The GCCNet Dispute Administration System, Credit score Reference Bureau (CRB), Telecom Invoice Fee (Tele BP), Direct Debit (DD), Fee Gateway (PG), Bahrain Cheque Truncation System (BCTS), Amex Playing cards withdrawal, eCheque, EFTs, nationwide eWallet and nationwide eKYC Platform for the monetary sectors.
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