Latest news with #BENEFIT
Zawya
23-07-2025
- Business
- Zawya
BENEFIT showcases pioneering workplace model at the 10th Employee Wellbeing Conference
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, took part in the 10th edition of Employee Wellbeing Conference, held under the theme 'Towards a Balanced and Sustainable Work Environments.' The two-day event brought together a distinguished group of experts, professionals, and thought leaders from Bahrain, across the Gulf, and around the world. BENEFIT's participation in the conference, recognized as one of the region's foremost platforms for advancing workplace development and promoting employee well-being, reflects its ongoing commitment to supporting impactful initiatives that raise well-being standards across the private sector. The timing of the conference is particularly significant, as institutions worldwide are increasingly redefining their priorities, moving beyond traditional benchmarks of performance and profitability to embrace work environments that prioritize mental health and holistic support. This evolving focus is widely acknowledged for its direct influence on enhancing organizational performance, driving productivity, and fostering innovation. Mr. Adel AL Kooheji, Head of Digital Marketing & Online Media at BENEFIT and President of the Social Committee, participated in a panel discussion on the second day titled 'Experiences and Success Stories.' The session highlighted BENEFIT's pioneering approach to achieving work-life balance through flexible work policies aligned with international best practices in human capital management. The discussion also explored several forward-thinking initiatives introduced by BENEFIT to enhance employee satisfaction and enrich the overall workplace experience. Mr. Adel AL Kooheji highlighted the wide-ranging and innovative programmes introduced by BENEFIT to cultivate a workplace culture that places individual well-being at its core while enabling employees to thrive professionally. The presentation further reflected BENEFIT's strategic commitment to fostering an inclusive and agile organizational environment, one that actively promotes creativity, enhances productivity, and supports ongoing learning and development. Complementing these efforts are BENEFIT's structured career advancement frameworks, meticulously designed to accelerate professional growth, strengthen internal capabilities, and contribute meaningfully to both individual success and the company's sustained growth trajectory.
Zawya
21-07-2025
- Business
- Zawya
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, 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.
Zawya
14-07-2025
- Business
- Zawya
BENEFIT wins Bahrain Digital Content Award for Hadeya Feature on BenefitPay
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has been awarded the Bahrain Digital Content Award in the 'Business & Commerce' category for its innovative " Hadeya " (E-Gift) feature on the BenefitPay app. The award was presented during a ceremony hosted by the Bahrain Technology Companies Society (BTECH), held under the patronage of H.E. Ali Bin Saleh Al Saleh, Chairman Shura Council. The award reaffirms BENEFIT's leading role in shaping the landscape of digital innovation and transformation within Bahrain's financial services sector, as exemplified by the 'Hadeya' feature, an advanced service integrated into the BenefitPay that reimagines the conventional practice of money gifting through a seamless and highly personalized digital experience. Through this feature, users can select a specific cash amount, design a custom-themed gift card, and add a personal message before sending it instantly to loved ones. By combining functionality with emotional expression, 'Hadeya' elevates the act of gifting into a dynamic and meaningful interaction within the digital financial space. Commenting on the recognition, BENEFIT Company Chief Information Officer , Reyadh Almearaj, stated, 'We are honored to receive the Bahrain Digital Content Award, which represents a significant milestone for our team and affirms the impact of our continued efforts to deliver user-centric digital solutions. This recognition reflects BENEFIT's ongoing vision to enrich the digital experience for our customers and to lead in providing smart, accessible services that meet evolving lifestyle needs. Our goal remains to launch cutting-edge services that set high standards for innovation and quality, both locally and regionally.' Mr. Almearaj added, 'Since its launch, 'Hadeya' feature has delivered remarkable performance, achieving rapid market traction and recording outstanding growth indicators. Its widespread adoption across the Bahraini market underscores the tangible value it brings to users and the strong resonance it has generated across diverse customer segments. This prestigious recognition not only validates the impact of our innovation-driven approach but also strengthens our resolve to continue advancing solutions that contribute to positioning Bahrain as a leading regional hub for cutting-edge financial technology.'
Daily Tribune
10-07-2025
- Business
- Daily Tribune
BENEFIT Sharpens Bahrain's Fintech Edge with AI
TDT| Manama Bahrain's national payments leader BENEFIT has unveiled a bold AI-driven roadmap for 2025-2026, signalling a strategic push to reinforce the Kingdom's fintech leadership with cutting-edge payment services and SME-first innovations. Announced during the Central Bank of Bahrain's 'FS Horizons: Doubling Down on Digital' event, the new strategy prioritises secure, efficient, and inclusive financial infrastructure while integrating artificial intelligence, data monetisation, and cross-border interoperability. AI and SME focus Among the key pillars of the plan are partnerships with artificial intelligence firms to enhance payment systems, customised tools for small and medium-sized enterprises, and expansion of real-time international payment capabilities through regional collaborations. BENEFIT also aims to drive regional competitiveness by enhancing its data monetisation strategy and delivering seamless customer experiences that adapt to evolving financial behaviour. Regional ambitions The strategy includes a strong international component, with the company preparing to launch its services in select overseas markets. This move is expected to position Bahrain as an exporter of fintech infrastructure and innovation. During the announcement, Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services at BENEFIT, said the roadmap builds on Bahrain's strong digital base. She highlighted a major milestone from 2024, with instant payment usage reaching 23 transactions per person per month. Future outlook Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, said the new strategy reflects the company's commitment to advancing Bahrain's digital financial landscape while fostering a cashless economy and nurturing fintech talent. He emphasised the importance of an integrated ecosystem tailored to both individual and institutional needs. The roadmap's rollout is expected to bolster Bahrain's fintech credentials and inspire further digital transformation across the region.
Biz Bahrain
10-07-2025
- Business
- Biz Bahrain
BENEFIT Unveils Visionary Roadmap to Advance Digital Payments
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, unveiled its strategic roadmap for 2025-2026, introducing a range of exclusive and high-impact offerings. These include new payment services and features aimed at enhancing user experience, tailored payment solutions designed specifically for SMEs, as well as the facilitation of cross-border instant payment interoperability via strategic collaborations with regional and neighboring countries. BENEFIT's strategy aims to accelerate corporate growth by developing partnerships with artificial intelligence firms and enhancing data monetization. The strategy also outlines plans for international expansion, with BENEFIT poised to offer its services in select global markets to reinforce its role as a key enabler of digital transformation across the financial services landscape. Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, commented, 'We are pleased to unveil BENEFIT's strategic roadmap for 2025 and 2026, which reflects the company's leading role in advancing the digital financial landscape in Bahrain and across the region. This strategy is driven by our commitment to delivering secure and efficient payment solutions, expanding a network of high-impact partnerships, enhancing financial services infrastructure, promoting a cashless economy, and supporting the development of emerging talent in the fintech sector. These efforts form part of a broader vision to build an integrated ecosystem of innovative solutions tailored to the evolving needs of individuals and institutions alike.' The strategy was announced by Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services-BENEFIT Company, during her participation at FS Horizons: Doubling Down on Digital event, hosted by the Central Bank of Bahrain in partnership with the Bahrain Economic Development Board. During the session, Ms. Al Kooheji outlined BENEFIT's strategy, highlighting advancements it brings to the digital payments' ecosystem, and also presented key milestones achieved by the company, notably the increase in instant payment activity, which reached 23 transactions per individual per month in 2024.
