BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions services on a regional level, was awarded as Bahrain’s “Best e-Wallet Payment System – BenefitPay” and “Most Innovative e-Payment Product” at the 2020 Global Economics Magazine Awards, which celebrate excellence and achievements of both financial and banking institutions from around the world.
The Global Economics Magazine awarded BENEFIT for its pivotal role in offering innovative and practical payment solutions in Bahrain, most notably the BenefitPay mobile app, which contributed to the accelerating the pace of of adopting digital solutions on a significant scale, by introduce simplified payment transactions to both individuals and companies.
Commenting on the occasion, Abdulwahed AlJanahi, Chief Executive (C.E.) of BENEFIT, said, “We are honoured to be receive Global Economics magazine’s awards as the Kingdom’s “Best e-Wallet Payment System – BenefitPay” and “Most Innovative e-Payment Product”, a testament to our continuous efforts towards digitizing payment transactions. These awards are a living reflection of the innovative services we offer to individuals, companies and retail and F&B stores, in light of our pioneering role in launching a variety of digital payment solutions that are easy, fast and secure. This milestone achievement further cements our leading position as a FinTech industry player on a local and regional level, affirming our commitment to launching latest e-payment experiences and services that serve the needs of the public in the Kingdom of Bahrain. “
In view of the vital role of technology in supporting the expansion, growth and innovation across all industries and sectors, BENEFIT is keen to adopt the latest technologies and solutions to simplify e-payment transactions and to help achieving the goals of Bahrain’s digital economy and Economic Vision 2030.
Since its launch in the Kingdom, BenefitPay has secured more than 500,000 registered users, thanks to the variety of features and services available in the mobile application, securing it as the preferred choice for payment and money transfer for many.
The Global Economics is a UK-based financial publisher. It provides detailed and independent reviews of the economic and commercial industries around the world on a daily basis. The magazine focuses mainly on banking, finance, insurance, technology, real estate, and energy sectors. The magazine dedicates various awards that celebrate the efforts, endeavors and achievements of companies operating in various sectors from around the world.