Fawry Plus sees July rise amid ATM decline
The article explains that Bahrain's banking sector continues to make progress in transforming the community into a cashless society through the growth of digital remittance services, especially the "Fawry Plus" service. The service recorded an annual increase in the number of transactions by approximately 15% and the monetary value by over 17%. Meanwhile, cash withdrawals via ATMs decreased by 10.45% over the year, while the number of cash transactions increased by 5.25% in July. These figures are part of the government and central bank's strategy to build a digital economy, reduce dependence on cash, and have made significant progress toward achieving this goal so far.
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