CBB directs BENEFIT to operate national eCheque system
As part of the efforts exerted by the Central Bank of Bahrain (CBB) to boost digital transformation and introduce innovative financial...
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As part of the efforts exerted by the Central Bank of Bahrain (CBB) to boost digital transformation and introduce innovative financial...
The Central Bank of Bahrain (CBB) has launched the world's first electronic cheque system, BECS, that caters to individual, as well as corporate bank customers. It is being implemented by Benefit Company, a key fintech services firm in the kingdom.
Central Bank of Bahrain (CBB) is introducing the electronic cheque system from October 19, complementing the traditional paper cheques. The first fully pledged e-Cheque system in the world, it caters to individual, as well as corporate bank customers.