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The Benefit Company
شركة بنفت
Type Interbank network
Founded November 1997
Headquarters Bahrain
Industry Finance
Products Financial Services
Website www.benefitco.com.bh

The Benefit Company (TBC) is the local switch in the Kingdom of Bahrain handling ATM and POS transactions. Established in 1997 with a special license from the Central Bank of Bahrain as "Provider of Ancillary Services to the Financial Sector"[1], it is the only financial network of its kind in the country.

In addition to the local switching, Benefit is also connected to GCC Net, the main switch operating on all GCC countries. A connection was also established with Shetab in 2005; linking all BENEFIT users with Iran's only switch.

In 2006, the company offered the payment gateway service, integrating more the local banks onto one payment hub allowing banks and their merchants to perform online transactions [2].

Contents

Member Banks in the Network

See also

External links

References


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