Bahrain Financing Company (BFC), the kingdom’s oldest and leading money transfer and currency exchange company, began its journey in 1917.
The nation’s most trusted exchange company, which trades in gold bullion and currency exchange, has over the years introduced new products and services keeping in line with the market trends.
In 2017, BFC celebrated its centenary year in business.
The company has grown its ever-expanding retail network and is now spread across 52 strategically-located branches in Bahrain, with new outlets in Oasis Mall, Atrium Mall and Tubli increasing its reach and customer convenience.
With the relaunch of the enhanced BFC app that enables money transfer at your fingertips with Smart Money, BFC is committed to providing innovative and convenient products and services allowing customers easy access to fast and secure online money transfer to more than 150 countries anytime, anywhere.
Additional features include a currency converter, up-to-date exchange rates and fees, favourite currencies management tool and corporate services features.
BFC’s corporate and individual customers can benefit from preferential rates and charges, booking of foreign currency and money transfer, managing beneficiaries, tracking order history and delivery and pick-up options when booking an order.
Commercially-registered entities across Bahrain can register with the BFC app corporate services by filling in the online form after which they will be contacted by BFC to complete the app registration.
The new BFC app is free to download on App Store for iOS or on Google Play for Android.
BFC’s remittance customers have various payment options to India such as instant credit to account, cash pick-up, door-to-door service and online transfers.
With Indians being the largest expatriate community in Bahrain, remittances to India make up a substantial part of BFC’s revenue, hence it is always looking to provide convenient, secure and competitive exchange rates.
A major milestone in 2018 for BFC Group Holdings (BFC’s parent holding company) was the launch of BFC Payments, which concentrates on several platforms of payment processing with more focus on digital horizons.
Over the years, BFC Group has expanded with more than 140 retail locations across Bahrain, Kuwait, the UK, India and Malaysia.
BFC Group also has its own money transfer product EzRemit which is available in over 30 countries across the world with more than 40,000 agent locations worldwide.