About The BENEFIT Company

The BENEFIT Company was formed to enable the financial sector in Bahrain to forge strong and lasting connections with their customers from across a wide geographical base. And help steer these connections towards enriching the value quotient in all their interactions with member banks and other stakeholders.
As the key conduit for all electronic financial transactions throughout Bahrain, BENEFIT’s success has been made possible through a combination of skilled workforce, cutting edge technology, focused strategic planning and initiatives, and determination to provide the most modern financial service for those residing in Bahrain.
BENEFIT was established in November 1997 by 17 commercial banks as the National ATM and Point of Sale switch of Bahrain. It was initially licensed by the Central Bank of Bahrain (CBB) to be ‘the provider of ancillary services for the financial sector,’ and soon expanded to cover markets outside Bahrain.
 
BENEFIT’s range of services include operating of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet supported by the GCC countries within the region connecting all ATMs and POS in the gulf, the GCCNet Dispute Management System, Credit Reference Bureau (CRB) for corporate and individuals customers, Telecom Bill Payment (Tele BP), Direct Debit (DD), Payment Gateway (PG), Internet Banking (IB), Bahrain Cheque Truncation System (BCTS) and Amex Cards withdrawal. In addition to varieties of outsourcing services offerings to local and region markets related to bank’s ATM processing, bank’s POS processing and Cards issuing and management through BENEFIT’s subsidiary “ SINNAD”.

BENEFIT is administered by a Board of Directors who represents the shareholders. The company’s paid-up capital is to the value of BD 3.1 million (US$ 8.2 million approx.)

website icon
Website
employees icon
Employees
industry icon
Industry
Financial Services
location icon
Location
Seef Area,Al,BH
description icon
Founded
1997
description icon
Keywords
Pos, Atm, Switch, Crb, Fintech, Ewallet, Transfer, Direct Debit, Bcts, Benefit Gateway, Benefitpay, Efts, Gcc Net Dispute

The BENEFIT Company Alternatives

Industry
financial services
Industry
Financial Services
Industry
financial services
Industry
Financial Services
Industry
financial services
Industry
Financial Services
Industry
Financial Services
Industry
Financial Services

Frequently Asked Questions about The BENEFIT Company

Who is the CEO of The BENEFIT Company?

Hessa Hussain is the CEO of The BENEFIT Company. To contact Hessa Hussain email at [email protected].

Supercharge your
Prospecting &
Outreach with
ContactOut

Search Portal

Find countless prospects outside of LinkedIn fast

Accelerate prospecting with instant access to 300M professionals from 30M companies with the right contact details.

Discover the source of our data

Learn more