What E-wallets are available in Bahrain?
We are living in a digital era where modern technology has transformed our lives by providing us with faster, easier, and more convenient resources.
Today, we will look into a recent trend in the GCC – the e-wallet and discuss the ones available in Bahrain.
What is an E-wallet?
An e-wallet or digital wallet is a type of electronic card used to make transactions online through a software, electronic device, or any online service that enables electronic transactions. Its utility is similar to that of a credit or debit card. It would need to be linked to your bank account in order to make payments.
BenefitPay
BenefitPay is the National Electronic Wallet Payment System. It is a method to streamline payments in Bahrain and allows consumers and merchants to transact without the use of cash or cards.
Some of BenefitPay’s features include:
- Adding credit/debit cards
- Adding bank accounts
- Peer-to-peer transfer
- Scan-to-pay
- Viewing merchants through map locator
- Paying service bills with Fawateer
- Transferring funds up to BD1,000 with Fawri+
- Making bulk payments up to BD15,000 with Fawri
- Fuel payments with Sadeem
- Viewing transaction history
bWallet
bWallet is a digital mobile wallet app that enables quick, secure and easy payments through your smartphone. This service is Powered by Bahrain’s Telecommunications Company (BATELCO) and Arab Financial Services (AFS).
Some of bWallet’s features include:
- Sending/receiving money instantly
- Paying for goods and services
- Scan-to-pay
- Adding cash through debit cards
- Getting discounts at leading retailers
- Making international money transfers
- International top up
- Viewing merchant list
- Paying Batelco bills
- Viewing transaction history
Apple Pay
Apple Pay is a mobile payment and digital wallet service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web using Safari. It is supported on the iPhone, Apple Watch, iPad, and Mac.
Some of Apple Pay features include:
- Sending/receiving money
- Bank account transfer
- Touch ID authentication
- Web store transaction
- In-store payments
- Netflix subscription payment
- In-app transactions
- Face ID and fingerprint authentication
stcPay
stc Pay is powered by stc and payment service provider, SADAD.
Some of stc Pay features include:
- Adding money through your debit card (issued in Bahrain) or through SADAD Kiosks across Bahrain
- Transfer money using NEC Remit
- Get a virtual prepaid mastercard from NEC payments for online purchases
- Send transfers to Bahrain phone number
- Request money from other stc pay users using QR code
- Withdraw cash without a card through any NBB ATM nationwide
- Scan-to- pay at over 3,500 stc pay merchants across Bahrain
- Buy stc prepaid top-up or pay stc postpaid bills
- Pay Electricity & Water Authority (EWA)
- OSN subscription payment
- Donate to charities
MaxWallet
CrediMax’s MaxWallet is a virtual wallet application that allows customers to pay for their purchases using their mobile device without presenting their physical credit cards.
Some of MaxWallet’s features include:
- Simple user registration and biometric login
- Easy way to store your credit/debit cards
- Scan-to-pay
- International transfer
- Local and international shopping
- Offers and discounts
- View your transaction history details
