The kingdom’s leading regional player in electronic financial transactions; BENEFIT was awarded at the highly distinctive International Finance Awards 2019 as the “Fastest Growing Electronic Payment Solution” on the 23rd of January 2020 in Jumeirah Emirates tower, Dubai. The prestigious award is in recognition of BENEFIT’s extraordinary achievements in financial services sector, and its commitment to provide the most modern financial services and cutting-edge technology for the kingdom to strengthen Bahrain’s position as the financial hub of the region.
International Finance Awards is a reward in accreditation of corporate and professional excellence highlighting and recognizing innovation and high performance in solutions, products and services. The International Finance Awards recognizes and honors individuals who have had a positive impact on the performance of their company, energy that have developed innovative products or services that have set benchmarks for their peers and within the industry. Winning an International Finance Award is recognition of their continual efforts and commitment to improving business performance. International Finance is a global finance and business magazine, based and headquartered in London.
Recently, BENEFIT has been making strides to develop the FinTech landscape in Bahrain. Additionally, BENEFIT has been creating various strategic alliances to offer innovative solutions that strengthens relationships between businesses and their consumers in consistency of with the Kingdom’s Economic Vision 2030. Benefit continues to launch innovative solutions, and services that will prepare the Kingdom for the future economy. Up to 2019, BenefitPay has registered 280,000 users on the application, being the most used online payment platform in the kingdom.
BENEFIT CEO, Abdulwahed Al Janahi commented on the award:
“This award marks another milestone for us. It is a testament of the diligent execution of the company’s strategic initiatives geared towards making Bahrain a regional model for FinTech services. Additionally, this award is a wonderful validation for all the hard work our immensely talented team have put in, to achieve our vision. We will continue to build on this momentum and further enhance the Kingdom’s position as a leading FinTech ecosystem in the MENA region.”