MANAMA: Benefit, a leading regional player in electronic financial transactions, has signed a memorandum of co-operation with Kanoo Real Estate, a part of the Yusuf Bin Ahmed Kanoo Group, to join the Fawateer service offered by Benefit, available through BenefitPay and banks e-Banking channels.
Fawateer is an electronic bill presentment and payment, which enables private and public sector organisations to accept and process online payments of bills or fees.
Benefit chief executive Abdulwahed Al Janahi said: “Kanoo Group has taken a step forward in digital transformation, by providing a faster and safer service for making payments.”
“Benefit provides unique electronic services that address all customer needs, supporting the digital transition of payments and transfers, in line with the company’s new strategy to expand the partner base to include more sectors,” he added.
Faisal Kanoo, head of property and real estate investments at Kanoo Group, said: “Joining Fawateer is in line with our strategy to provide distinctive electronic services, also in line with the kingdom’s shift to digitalise services.”
Benefit specialises in the development of innovative electronic payment solutions, the management of electronic payment channels, settlement of dues, invoices, and financial transfers in of Bahrain.
Kanoo Real Estate’s projects include office spaces, showrooms, as well as logistics facilities.
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