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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.

The Central Bank of Bahrain and the BENEFIT Company has launched the Electronic Fund Transfer System (E.F.T.S) on Thursday 5th November 2015. The EFTS is an electronic system that interconnects all retail banks in Bahrain which shall enhance the efficiency of the fund transfers and bill payments; enabling banks, individuals, corporate and Government entities to benefit from this vital and important project. These new services are accessible through the banks' various channels such as branches, internet banking, and mobile banking.

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