BENEFIT, a leading fintech and electronic financial transactions service provider, has announced a record-breaking year for 2025, with total online payments through the Electronic Funds Transfer System (EFTS) surging to BD37.5 billion.
The 12.6 per cent increase in value from 2024, when transactions totalled BD33.3bn, was driven by 494 million transactions processed across all channels, including banking platforms and the BenefitPay app. The BenefitPay app remains a powerhouse for national digital payments, facilitating 466mn transactions valued at BD10.2bn, representing a 10.6pc rise in volume and a 9.5pc increase in value year-on-year.
The Fawri+ instant transfer service saw the highest volume with 467.9m transactions totalling BD9.7bn, marking a 13.6pc jump in value. This surge followed the increase of the daily transfer limit from BD1,000 to BD3,000 and the expansion of settlement services to include weekends and public holidays. Total Fawri transactions reached 14.3m with a total value of approximately BD26.4bn, reflecting an 11.8pc increase compared to the previous year. While Fawateer transaction volume dipped slightly to 11.8m, the total value of those payments soared by 20.4pc to reach BD1.4bn.
Beyond payment processing, the company’s Electronic Know Your Customer (eKYC) platform witnessed a massive 37.8pc growth, processing approximately 1.1m verifications during the year.
The Bahrain Credit Reference Bureau, also operated by Benefit, issued 541,900 credit reports in 2025, a 4pc increase over 2024.
avinash@gdnmedia.bh
&uuid=(email))