Benefit, Bahrain’s leading company in fintech and electronic financial transactions services, announced the continued growth of transfers and payments through the BenefitPay mobile application. Transactions recorded an unprecedented BD22.5 million ($59.68 million) during the three-day holiday of Eid Al Adha.
BenefitPay succeeded through its variety of transfer and payment solutions in one integrated platform. It offers users a convenience through their various activities, such as shopping, payment of bills and transfers, said a statement.
The application recorded a significant increase in the total amount of electronic payments during the three-day holiday period of Eid Al Adha, exceeding BD20 million through Fawri+ alone, payments also exceeded BD534,000 through Fawateer and BD1.3 million through Fawateer.
BenefitPay users are on a rise and that is a testament to the commitment of the public to abide by the precautionary measures that are in place to limit the spread of the Coronavirus by using electronic payment methods rather than traditional physical cash, it said.
Shafaq Alkooheji, Senior Manager, Payment Services at Benefit, said: “We are pleased to witness this unprecedented growth in the total number of payments and transfers through the BenefitPay mobile application in only 3 days of Eid Al Adha.
The growth in popularity of BenefitPay confirms the public’s efforts in reducing the amount of paper cash that is being circulated and are complying with the precautionary measures set in place, in line with the kingdom’s national efforts to combat the Coronavirus. We at Benefit are proud of this achievement, and we look forward to further enhancing our services and continue to add value to users.
Benefit, celebrated the joy of Eid Al Adha with its customers and followers on Instagram, as they held an engaging digital competition that qualifies all participants to enter a draw for a chance to win BD1,000 for 15 lucky winners. The “Catch the Bee” competition successfully gained traction by the public, exceeding expectations with over 50,000 participants.
Benefit continues to put effort into enhancing BenefitPay’s services to provide users with a variety of payment and transfer options. BenefitPay is widely recognised in the Kingdom of Bahrain, with over 500,000 registered users and over 4,000 participating stores that accept BenefitPay as a payment option. — Tradearabia News Service
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