BENEFIT, Bahrain’s fintech service provider, has launched a new ‘Scheduled Transfers’ feature on the BenefitPay application, introduced under the directives of the Central Bank of Bahrain.
The launch strengthens Bahrain’s evolving digital payments ecosystem and reinforces BENEFIT’s focus on innovative financial solutions.
The new feature enables customers to schedule money transfers in advance through Fawri and Fawri+, eliminating the need to manually initiate recurring transactions each time.
Users can set transfers at flexible intervals, including daily, weekly, biweekly, or monthly schedules, to the same beneficiary using either mobile numbers or IBAN accounts.
In addition to automated transfers, the feature also allows users to activate periodic reminders instead of automatic execution, offering greater flexibility in managing recurring financial commitments according to individual preferences.
The functionality is designed to support more organized and accurate financial planning while enhancing convenience for users.
Ahmed AlMahri Assistant General Manager Business Development & Services BENEFIT
“Scheduled Transfers represents a valuable addition to BENEFIT’s digital services ecosystem, giving users greater ability to manage their recurring financial transfers with ease and flexibility, whether through automatic execution based on a selected schedule or through periodic reminders. The feature helps users organize their daily financial obligations more efficiently, while saving time and effort and enhancing a smoother and more reliable payment experience through digital financial services.”
This initiative builds on BENEFIT’s ongoing journey in developing more advanced and seamless digital payment solutions, supported by security and efficiency, and responsive to the evolving needs of individuals and institutions.
It also contributes to enhancing the readiness of Bahrain’s payments infrastructure and supporting the transition towards a more connected and effective digital economy.
The launch comes as Bahrain continues to accelerate the adoption of digital financial services under the guidance of the Central Bank of Bahrain, with a growing focus on enhancing transparency, operational efficiency, and financial technology innovation across the banking and payments sectors.
