Banifat introduces digital direct debit in Bahrain

Benket Company in the Kingdom of Bahrain has launched a digital direct debit service, aimed at developing the lending system and reducing reliance on paper-based procedures. The service allows banks and financial institutions to set up automatic debit arrangements electronically, making it easier to collect installments and improve the management of clients' monthly obligations. The service combines Benket’s expertise in payment services and credit information, supporting lending operations, digital payments, and payment management more efficiently. This enhances the customer experience and simplifies procedures for financial institutions, representing an important step towards strengthening the digital financing framework in Bahrain.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article