Sponsor

The Benefit Company

3F13

The BENEFIT Company, officially known as Bahrain Electronic Network for Financial Transactions, is the Kingdom of Bahrain’s national electronic financial transactions network, established in 1997. Licensed by the Central Bank of Bahrain as a provider of ancillary services to the financial sector and manages Bahrain Credit Reference Bureau.

BENEFIT delivers secure and innovative payment solutions that support the country’s financial ecosystem. Its core services include ATM and POS switching, payment gateways, direct debit, electronic cheque clearing, electronic know you customer (eKYC) and the widely adopted mobile payment application (eWallet), BenefitPay. Committed to driving digital transformation, BENEFIT’s vision is to shape the future of society through advanced financial technologies, ensuring seamless connectivity for banks, businesses, and consumers.

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Products and Services

Products and Services	Description
BenefitPay	BenefitPay is Bahrain’s national digital wallet, enabling secure and convenient payments via smartphones. It supports fund transfers, bill payments, and merchant transactions through Fawri+, Fawateer, QR payments, and Tap & Go. Users can pay online, in-store, for fuel, and split bills. With over 1.2M users (about 80% of total population) and billions in transactions, BenefitPay drives Bahrain’s cashless economy and digital innovation.
Bahrain Credit Reference Bureau	Bahrain Credit Reference Bureau (BCRB), operated by The BENEFIT Company and licensed by the Central Bank of Bahrain, is the Country’s central hub for credit information. It collects and analyzes data from banks and financial institutions to provide credit reports for individuals and businesses. These reports help lenders assess creditworthiness, ensuring transparency and trust in Bahrain’s financial ecosystem.
eKYC	Bahrain’s national eKYC platform enables financial institutions to securely verify customer identities and retrieve KYC data digitally using biometric verification, e-key, or electronic consent. It streamlines onboarding, reduces fraud, ensures compliance, and integrates with banking systems and mobile apps. Supporting banks, exchange houses, and insurers, it drives efficiency and digital transformation in the financial sector.
Card Issuing	SINNAD empowers financial institutions with end-to-end card management solutions for debit, credit, and prepaid cards across Visa and Mastercard. Built for flexibility and scale, it supports multi-network operations, advanced credit management, and intelligent risk tools. With customer-centric workflows and adaptable settlement features, SINNAD ensures secure, seamless card operations that drive growth.
Digital Payments	SINNAD offers banks and businesses a robust suite of digital payment solutions, covering debit, credit, prepaid, and virtual cards with tokenization and wallet integration. Supporting multi-channel payments—online, in-store, mobile, and wearables—across global and local schemes, SINNAD ensures secure, seamless, and scalable experiences with real-time processing, risk management, and flexible settlement options.

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