BENEFIT, Bahrain’s fintech and electronic financial transactions services provider, has reported strong growth in online payments processed through the Electronic Funds Transfer System (EFTS) across banking platforms and the BenefitPay app during 2025.
According to the company, the EFTS network, which includes Fawri, Fawri+ and Fawateer services, recorded a total of 494 million transactions in 2025. This represents an increase of 10.7% compared with 2024. The combined value of transactions reached BD37.5 billion ($99.5 billion), up 12.6% from BD33.3 billion the previous year.
BENEFIT said that 466 million transactions, with a total value of BD10.2 billion, were completed across all electronic funds transfer services via the BenefitPay app. This reflected a 10.6% rise in transaction volume and a 9.5% increase in value year on year, pointing to continued growth in the use of digital payments in Bahrain and the expanding role of the BenefitPay platform within the Kingdom’s FinTech sector.
Fawri+ transactions continued to account for the majority of activity. Across all channels, the total volume of Fawri+ transactions reached 467.9 million in 2025, compared with 420.3 million in 2024, representing an increase of 11.3%. The value of these transactions rose from BD8.6 billion to BD9.7 billion, a growth of 13.6%. Transactions completed through the BenefitPay app also increased, rising by 11.1% to 455.3 million, with a total value of BD8.7 billion.
Fawri transactions recorded growth across all channels, reaching 14.3 million transactions during 2025, up 8.3% from the previous year. The total value of Fawri transfers stood at approximately BD26.4 billion, compared with BD23.6 billion in 2024, reflecting an 11.8% increase. However, Fawri transactions carried out through the BenefitPay app declined slightly, with volumes falling to 507,600 transactions valued at nearly BD1 billion, compared with around 586,000 transactions worth BD1.1 billion in 2024.
Fawateer transactions totalled 11.8 million across all channels in 2025, compared with 12.6 million in 2024. Despite the lower volume, the total value of Fawateer transactions increased by 20.4% to around BD1.4 billion. On the BenefitPay app, Fawateer transactions reached 10.2 million, down from 11.0 million in the previous year, while the value of transactions rose by 22% to BD514.4 million, compared with BD421.6 million in 2024.
Activity on BENEFIT’s electronic Know Your Customer (KYC) platform also increased. The number of verification processes reached around 1.1 million in 2025, up from 790,500 in 2024, representing a rise of 37.8%.
The Bahrain Credit Reference Bureau, operated by BENEFIT, issued 541,900 credit reports during 2025, marking a 4.0% increase compared with 521.0 thousand reports in the previous year.
BENEFIT said 2025 also saw the launch of new services, including the Business Account service, which allows single-owned commercial registrations merchants to register and manage their commercial bank accounts through BenefitPay. The company also introduced the Hadeya (E-gift) feature within the BenefitPay app, which received the Bahrain Digital Content Award.
