Batelco signs deal with BENEFIT

Batelco as part of its digitisation plans has entered into a collaboration agreement with BENEFIT, the Kingdom’s National ATM and POS switch, Bahrain Cheque Truncation and Electronic Fund Transfer Service processor. 

The deal was signed by Batelco Bahrain CEO Muna Al Hashemi and Benefit CEO Abdulwahed Janahi at a meeting held at Benefit’s premises in NBB Tower on Sunday. 

The move, according to Batelco, places its as a backbone partner facilitating the network infrastructure and business continuity and disaster recovery site for BENEFIT’s major services such as Bahrain cheque truncation system (BCTS), the National ATM and POS switch and recently the Electronic Funds Transfer System (EFTS). 

In line with the agreement Batelco will be integrated into the EFTS system via “Fawateer” service to enable their customers to view and pay their Batelco bills in a much more efficient, faster and enhanced manner. Additionally, all Batelco bill collections and voucher sales generating within Bank branches, on-line banking websites and banking mobile applications will be processed electronically with electronic transfers of funds to the Batelco account. Banks that currently do not provide Batelco bill payment services will now be in a position to do so by joining the EFTS
service.

Commenting on the deal, Al Hashemi said, “We look forward to working closely with BENEFIT for the good of our customers.”