Key Takeaways
- Bahrain Digital Direct Debit launches via the BenefitPay app, enabling digital authorization of recurring payments.
- The system eliminates physical paperwork, using secure electronic authentication for mandate approval.
- Users can activate payment instructions within the app, ensuring automatic processing on schedule.
- The framework offers API integration, reducing manual effort and aligning with the national digital payment strategy.
- The service improves fintech infrastructure, expanding digital payment options for individuals and businesses in Bahrain.
Bahrain Digital Direct Debit has been launched through the BenefitPay application. The service operates through Fawateer, the national electronic bill payment platform. It enables customers to authorize recurring payments digitally. The system removes the need for physical paperwork. Mandates are approved through secure electronic authentication.
How the Bahrain Digital Direct Debit System Functions
The Bahrain Digital Direct Debit service allows users to activate recurring payment instructions directly within the app. Customers verify transactions using secure digital credentials. Once approved, payments are processed automatically according to the agreed schedule.
The platform connects billing entities to customer-facing channels using API integration. It enables direct communication between payment systems and service providers. Automated reconciliation is supported through structured financial messaging standards, including ISO 20022.
Digital Integration and Payment Automation
The Bahrain Digital Direct Debit framework supports integration with Enterprise Resource Planning systems. Businesses can automate invoicing and recurring collections. Billing data flows directly between connected systems. The process reduces manual intervention.
The digital setup decreases administrative processing. It minimizes errors linked to paper-based mandates. The service also supports fully paperless billing cycles.
Alignment With National Digital Payment Strategy
The launch of Bahrain Digital Direct Debit aligns with directives from the Central Bank of Bahrain. The initiative supports the country’s broader digital payments strategy. It strengthens the fintech infrastructure within the Kingdom.
BENEFIT Chief Executive Abdulwahed AlJanahi confirmed the introduction of the service. The rollout expands digital payment options for individuals and businesses in Bahrain. The service is now available through the BenefitPay platform.
Source: https://fintechnews.ae/30398/bahrain/bahrain-digital-direct-debit-benefitpay/
