The BENEFIT Company
Financial Servicesal 'āşimah, Bahrain51-200 Employees
The BENEFIT Company is a mid-sized financial services firm based in Manama, al 'āşimah, Bahrain. It was established in November 1997 by 17 commercial banks as Bahrain's national ATM and POS switch, and was licensed by the Central Bank of Bahrain to provide ancillary services for the financial sector, later expanding beyond Bahrain. The company offers a broad suite of services that support electronic payments and card transactions, including ATM and POS operations, GCCNet connectivity, dispute management, a credit reference bureau for individuals and corporates, telecom bill payment, direct debit, a payment gateway, internet banking, the Bahrain Cheque Truncation System, and Amex withdrawals, with outsourcing options through its Sinnad subsidiary. Its customers are member banks and other stakeholders in Bahrain's financial sector, and it serves local and regional markets by enabling secure electronic transactions and related services. In 2026, BENEFIT announced an update to its Benefit Pay app to display a QR code on the home page, facilitating transfers and payment receipts in line with directives from the Central Bank of Bahrain.