Money & Business
EXPATS CAN NOW SEND REMITTANCES VIA
BENEFITPAY!
BENEFIT launches a new remittance service for BenefitPay customers.
T
he Kingdom’s leading regional player in electronic financial transactions; BENEFIT has announced the launch of a remittance service as part of its BenefitPay service, which will enable all users of the app to make international money transfers. The new service will enable users to enjoy faster, cheaper and valueadded remittance services that are provided through various leading service providers in the Kingdom via one platform, as it will be initially commenced in cooperation with 6
Gulf Insider December 2021
Bahrain Finance Company, while other institutions will be added in the near future. BENEFIT’s Chief Executive, Abdulwahed Al Janahi, commented, “We are delighted to onboard this service, which reflects BENEFIT’s strategic goal of continuously expanding our solutions to multiple communities, and offering our consumers with cutting-edge digital solutions. This service will undoubtedly benefit a great proportion of society and we’re honoured to play a role in ensuring our consumers can perform their payments
safely and securely. The remittance service operates as a marketplace for all licensed remittance service providers in the Kingdom of Bahrain. We are coordinating with all the authorised remittance institutions to be part of this comprehensive platform.” Deepak Nair, CEO, Bahrain Financing Company (BFC) stated, “We are thrilled to be part of this journey, and as the first service provider in Bahrain to join the platform, which is characterised by ease of use, speed and transparency, and provides international communities with increased convenience. As BFC, we
