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أخبار الخليج
Bahrain Advances Cashless Society
Bahrain is experiencing a significant transformation towards a cashless economy, with the volume of non-cash payment transactions accounting for 65% to 83% of total transactions. Cash usage has decreased to just 15% - 17% of daily operations. During the first half of 2026, electronic transactions totaled approximately 19.3 billion Bahraini dinars, with over 261 million digital transactions. Meanwhile, cash withdrawal operations saw a significant decline to only 120-130 million dinars. This shift is supported by the country's strong digital infrastructure, such as the BenefitPay app and the EFTS system. However, cash is still expected to serve as a backup method, particularly for the elderly and certain private transactions, due to the risks associated with technical failures or network outages. The digital transformation facilitates transactions, reduces time and effort, and enhances security, but it may also exacerbate issues when services are disrupted. Cash remains a necessary component in emergency situations.
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