Benefit, the leading financial technology and electronic financial transaction service provider in the Kingdom of Bahrain, announced the launch of the new Scheduled Transfers feature via the BenefitPay application, under the guidance of the Central Bank of Bahrain, in a new step that reflects the continued development of the digital payments system and the provision of innovative solutions that contribute to simplifying the management of daily financial transfers for users.

The new feature allows users to schedule money transfers in advance through the Fawry and Fawry+ services, providing a more convenient and efficient experience without the need for manual processing each time. Users can schedule transfers at flexible intervals, including daily, weekly, bi-weekly, or monthly transfers, to the same beneficiary via their mobile phone number or International Bank Account Number (IBAN).

The feature also allows the option to set periodic reminders instead of automatic execution, giving users greater flexibility in managing their financial obligations according to their personal preferences, and enhancing their ability to plan financially in a more accurate and organized way.

On this occasion, Mr. Ahmed Al-Mahri, Assistant General Manager of Business Development at BENEFIT , stated: “The scheduled transfer feature represents a qualitative addition to the digital services system provided by BENEFIT, as it gives users greater ability to manage their recurring financial transfers with flexibility and ease, whether by executing them automatically according to a specific schedule or through periodic reminders. This feature comes to meet users’ needs in organizing their daily financial obligations more efficiently, while saving time and effort, and promoting a smoother and more reliable payment experience through digital financial services.”

Al-Mahri added: “This initiative comes as an extension of BENEFIT’s journey in developing more advanced and seamless digital payment solutions, based on security and efficiency and responsive to the changing needs of individuals and institutions. It also contributes to enhancing the readiness of the payments infrastructure in the Kingdom, and supporting the transition towards a more interconnected and efficient digital economy, in line with the directives of the Central Bank of Bahrain aimed at developing the digital payment infrastructure, enhancing efficiency and transparency, and consolidating the Kingdom’s position as a leading center for innovation and financial excellence .”

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