BENEFIT was established in 1997 and is licensed by the Central Bank of Bahrain (CBB) as an ancillary service provider to the Kingdom’s financial services industry. BENEFIT is owned by commercial Banks in Bahrain, regulated by the Central Bank of Bahrain (CBB), to provide innovative Payment Capabilities, Information Management Solutions, and Business Process Outsourcing Services across different sectors in the Kingdom of Bahrain and the Region.

BENEFIT’s range of services – supported by GCCNet in countries within the region – include operating of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet, The GCCNet Dispute Management System,  Bahrain Credit Reference Bureau (BCRB), Bahrain Cheque Truncation System (BCTS), Electronic Fund Transfer System (EFTS),BenefitPay (national eWallet), Payment Gateway (PG), Know your Customer Electronically (e-KYC) and Telecom Bill Payment (Tele BP).