logo
BENEFIT announces the increase of daily transfer limit via Fawri+ to BD 3,000 per account under the Central Bank of Bahrain's directive

BENEFIT announces the increase of daily transfer limit via Fawri+ to BD 3,000 per account under the Central Bank of Bahrain's directive

Zawyaa day ago
BENEFIT, Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has announced an increase in the maximum daily transfer limit for Fawri+. This update follows the directive issued by the Central Bank of Bahrain to BENEFIT and banks to raise the daily cap for Fawri+ from BD 1,000 to BD 3,000 per account effective on Monday, 21st July 2025.
With this new enhancement, customers are now able to transfer up to BD 3,000 to recipients in seconds using the BenefitPay app or through any bank offering the Fawri+ service. This marks a substantial advancement in the digital payment experience and underscores the ongoing digitization of Bahrain's financial services sector.
The increase directly addresses the growing demand for instant payment solutions and the evolving expectations of users within today's dynamic financial landscape. It also aligns with Bahrain's broader national agenda to advance financial inclusion and enable seamless, efficient transactions.
This initiative reflects BENEFIT's continued commitment to adopting cutting-edge FinTech and delivering services that combine speed, security, and operational efficiency.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt eyes attracting Kuwaiti investments in ports, logistics zones
Egypt eyes attracting Kuwaiti investments in ports, logistics zones

Zawya

time25 minutes ago

  • Zawya

Egypt eyes attracting Kuwaiti investments in ports, logistics zones

Egypt and Kuwait reviewed promising investment opportunities in Egypt, especially in the field of seaports, dry ports, logistics zones, and industrial zones, according to a statement. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir met with Kuwait's Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah to discuss strengthening cooperation between the two countries. The two officials also outlined plans to maximize and attract Kuwaiti investments to Egypt and explored ways to register Egyptian companies in the Tender Committee. They also reviewed the developments in the Egyptian economy, lauding the government's efforts to enhance the investment climate. President Abdel Fattah El-Sisi directed efforts to reinforce cooperation with Kuwait in all fields, according to El-Wazir. El-Wazir added that a delegation of 17 Egyptian companies is interested in cooperating with the Kuwaiti side in implementing development and infrastructure projects planned by the Kuwaiti government. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

Saudi Arabia allows special travel permits for business visits to Syria
Saudi Arabia allows special travel permits for business visits to Syria

Zawya

time25 minutes ago

  • Zawya

Saudi Arabia allows special travel permits for business visits to Syria

RIYADH — The Saudi Embassy in Damascus has announced the introduction of special travel permits for businesspeople and investors from both Saudi Arabia and Syria, paving the way for renewed economic engagement and investment exploration between the two countries. The move marks a notable shift in bilateral economic relations, following Saudi Arabia's 2015 decision to ban travel to Syria due to deteriorating security and political conditions at the time. This latest development coincides with the visit of a Saudi business delegation to Syria over the past two days, where they met with Syrian President Ahmad Al-Shar' and other senior officials. The permits are expected to facilitate broader investment cooperation amid warming diplomatic ties and the ongoing normalization of official relations between Riyadh and Damascus. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

Egypt: Trading on Bonyan shares begins July 22 on EGX
Egypt: Trading on Bonyan shares begins July 22 on EGX

Zawya

time25 minutes ago

  • Zawya

Egypt: Trading on Bonyan shares begins July 22 on EGX

Trading on Bonyan for Development and Trade ( began today, Tuesday, July 22nd, on the Egyptian Exchange (EGX) at an opening price of EGP 4.96 per share, within a price range of 40% up or down on the first trading day, with no suspension mechanism applied. The private offering of 344.8 million shares was executed at a coverage rate of 6.88 times and was allocated to 561 clients through 18 brokerage firms. Meanwhile, the public offering of 18.1 million shares was executed at a coverage rate of 33.7 times and was allocated to 15,824 clients through 94 brokerage firms. The total number of shares in the public and private offerings amounted to 362.9 million, allocated to 16,385 clients, for a total value of EGP 1.8 billion. Applications for the private offering tranche closed on Sunday, July 13th, with orders amounting to 2.37 billion shares submitted by 604 clients through 32 brokerage firms. The EGX's IT team succeeded for the first time in developing and utilizing a new system to meet the requirements of the offering manager for allocating private offering tranche requests. These were registered under the private procurement regulation (OPR) through all brokerage firms, in accordance with the terms and conditions set forth in the offering prospectus. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store