Introducing the power of the new BFC Pay app!
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
BFC Payments announced the launch of its new and powerful BFC Pay App. The enhanced App has a digital wallet that includes easy account opening using eKYC and can load money or receive your salary directly to the mobile wallet.
The app enables customers to do international remittance, local bill payments, wallet to wallet money transfer and much more using three different payment methods - BenefitPay App, Benefit Payment Gateway and BFC Pay wallet BFC Payments, the Fintech arm of BFC Group, provides digital payments services for Corporates, SMEs and Consumers.
One of the significant features of the new BFC Pay App, which is the digital wallet, was to comply with LMRA’s Wage Protection System (WPS) initiative that provides the unbanked sector in the Kingdom of Bahrain with digital salary accounts.
This law requires employers to pay employees through any medium licensed by CBB.
Davis D Parakal, Head of Business Development, Strategic Partnerships & Innovation of BFC Payments said, “While offering local and international payments to our Banked customers, BFC Pay will be a salary account for the unbanked segment.
Now our WPS digital Payroll system work hand-in hand with the new app which enables our corporate and SME clients to disburse the salary straight to customers mobile wallet.’’
The new BFC Pay App also enables users to remit money worldwide at great rates - quickly, safely and conveniently.
Deepak Nair, CEO of BFC said, “This is a major digital leap for us and is part of the Group’s significant commitment to invest in digital innovation.
With BFC powering international remittance on the BFC Pay App, we are delighted to extend our online money transfer services, increasing customer convenience.”
The BFC Pay App comes with additional features such as secure biometric and PIN login, instantly adding and managing beneficiaries, keeping a track of remittance, bill payments and wallet transaction history, rates notifications, and much more.