BENEFIT, Bahrain’s leading fintech and electronic financial transactions company, has signed a Memorandum of Understanding (MoU) with Pay10, a Central Bank of Bahrain (CBB)-licensed Payment Service Provider, to advance the kingdom’s digital payments infrastructure. The agreement was signed on the sidelines of FinTech Forward 2025, held at the Exhibition World Bahrain, in the presence of leading financial and technology innovators.
Under the MoU, Pay10’s dynamic QR technology will be fully interoperable with the BenefitPay app, enabling consumers and merchants to make seamless transactions across multiple digital wallets. This integration promotes convenience, interoperability, and wider adoption of cashless payments nationwide.
The partnership will also support SMEs by connecting Pay10’s technology stack with BENEFIT’s national payment infrastructure—reducing transaction costs, accelerating onboarding, and expanding access to digital payment solutions. A deep-link integration will allow users to switch between the Pay10 and BenefitPay apps effortlessly, ensuring secure, fast, and frictionless payment experiences.
Additionally, Pay10 will leverage BENEFIT’s payment gateway, direct debit, and account-to-account transfer services, while extending its cross-border payment capabilities to BenefitPay users. The integration of BENEFIT’s electronic Know Your Customer (eKYC) infrastructure will further strengthen identity verification and streamline digital onboarding, enhancing security and trust in Bahrain’s financial ecosystem.
Abdulwahed AlJanahi, Chief Executive of BENEFIT, said the collaboration marks a major milestone in advancing Bahrain’s fintech vision. “This partnership supports Bahrain’s national digital transformation roadmap in payments and strengthens its leadership as a regional fintech hub,” he stated.
Pay10 Chairman Harry Gill added, “By combining our mobile-first infrastructure with BENEFIT’s trusted network, we are enabling secure and compliant transactions that empower consumers and businesses, reinforcing Bahrain’s role as a digital payments leader in the region.”
The MoU highlights the shared goal of both organizations to accelerate financial inclusion, interoperability, and innovation—aligning with Bahrain’s Vision 2030 and its ambition to build a secure, inclusive, and future-ready digital economy.
