Introducing the power of the new BFC Pay app! | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Introducing the power of the new BFC Pay app! | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

BFC Payments announced the launch of its new and powerful BFC Pay App. The enhanced App has a digital wallet that includes easy account opening using eKYC and can load money or receive your salary directly to the mobile wallet. The app enables customers to do international remittance, local bill payments, wallet to wallet money transfer and much more using three different payment methods - BenefitPay App, Benefit Payment Gateway and BFC Pay wallet BFC Payments, the Fintech arm of BFC Group, provides digital payments services for Corporates, SMEs and Consumers. One of the significant features of the new BFC Pay App, which is the digital wallet, was to comply with LMRA’s Wage Protection System (WPS) initiative that provides the unbanked sector in the Kingdom of Bahrain with digital salary accounts. This law requires employers to pay employees through any medium licensed by CBB. Davis D Parakal, Head of Business Development, Strategic Partnerships & Innovation of BFC Payments said, “While offering local and international payments to our Banked customers, BFC Pay will be a salary account for the unbanked segment. Now our WPS digital Payroll system work hand-in hand with the new app which enables our corporate and SME clients