Manama : Kuwait Finance House – Bahrain (KFH-Bahrain) has partnered up with Benefit, the leading provider of electronic financial transactions in the Kingdom, to offer its latest service ‘BenefitPay’. This launch is a strategic move that supports the Bank’s digitalization drive and efforts to provide its corporate and retail clients with electronic banking solutions that facilitate easy and secure financial transactions, while keeping the Bank’s commitment to support the evolution of Bahrain’s financial sector and the national move towards a cashless society.
Subah AlZayani, Senior Manager of Business Development Retail Banking Group at KFH-Bahrain: “‘BenefitPay’ is a digital platform that functions as a national e-wallet for instant payments through smart phones. A mobile application, that is available on both Apple AppStore and Google Playstore, enables customers to add their debit cards which allows them to make and accept payments electronically, via their smart devices, instantly, seamlessly and securely.”
He added: “Merchants and corporates are now able to partner with KFH-Bahrain to acquire the ‘BenefitPay’ platform service. This allows them to accept electronic payments by generating ‘QR Codes’ for every transaction. With this code, their customers can use the application to scan the code and automatically approve the transaction on their respective card. The platform provides an innovative new cashless payment option easing the transaction process for both customers and merchants, allowing them to thrive in today’s Fintech-focused business environment.”