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BENEFIT was established by 17 commercial banks in November 1997 as the National ATM and Point of Sale switch of Bahrain. Authorized by the Central Bank of Bahrain (CBB), the Company was granted the license of “Provider of Ancillary Services for the Financial Sector".

Having taken over the national ATM switching system from CBB, we quickly expanded our network to cover other markets outside the Kingdom of Bahrain. BENEFIT’s services can now be enjoyed all over the GCC countries under the GCCNet arrangement.

Our range of services include the operating of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet, the GCCNet Dispute Management System, the Credit Reference Bureau (CRB), Telecom Bill Payment (Tele BP), Direct Debit (DD), Payment Gateway (PG), Internet Banking (IB) , Bahrain Cheque Truncation System (BCTS), and Amex cards withdrawal.

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