Benefit to upgrade electronic money transfer system | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Benefit to upgrade electronic money transfer system

TDT | Manama

The Daily Tribune –

The kingdom’s leading regional player in electronic financial transactions; BENEFIT upgrades its entire Electronic Funds Transfer System (EFTS) with an investment of BHD 1.6 million to meet the increasing usage and growing demand for the system’s services within the Kingdom.

The system has been upgraded across all levels and was officially launched on Friday, November 19th.

This reflects BENEFIT’s commitment to continuously develop and provide advanced solutions in line with the company’s future initiatives and new strategic direction.

The EFTS system was updated with the latest version, utilising advanced and enhanced technological features to meet the constantly changing payment developments within the financial sector.

The upgrade allows for better performance aligned with industry standards and best practices, ensuring efficiency and enabling banks, individuals, corporations, and government bodies to prosper from this critical and significant initiative.

Reyadh Almearaj, AGM Information Technology commented, “At BENEFIT, we always go a step further and ensure that our solutions and systems are up to date with the latest technologies and features in line with our promise to our users and partners.”