Kuwait Finance House – Bahrain (KFH) has announced signing a strategic partnership with BENEFIT to join the Consumer Lending Marketplace through the BenefitPay application. This move aims to enhance customer access to the Bank’s financing solutions through a seamless, flexible digital experience.
Under this agreement, the Bank’s financing products and plans will be listed on the Consumer Lending Marketplace, allowing customers to browse available options and submit applications digitally via BenefitPay. The Bank will retain full responsibility for reviewing, evaluating, and approving applications in accordance with its credit policies and regulatory standards.
The digital platform provided by BENEFIT allows the Bank to manage and update its financing offerings. Additionally, it enables KFH – Bahrain to leverage the extensive BenefitPay user base to promote its financing products and special offers.
Commenting on the occasion, Mr. Mohamed Zakout, Deputy Group CEO of Retail Banking at KFH – Bahrain, stated, “Our partnership with BENEFIT demonstrates KFH – Bahrain’s dedication to delivering innovative digital banking solutions that align with customer expectations and facilitate access to financing services. We believe that leveraging digital technologies and expanding partnerships with national fintech institutions will enhance the customer experience and boost the efficiency of banking services.”
For her part, Ms. Hessa Hussain, Deputy Chief Executive of Bahrain Credit Reference Bureau and Data Services at BENEFIT, said: “We are excited to welcome KFH – Bahrain to the Consumer Lending Marketplace through the BenefitPay app. This collaboration expands financing options for customers and broadens the Bank’s reach to the platform’s user base. Through this service, we continue to develop a more efficient digital financial system, empowering financial institutions to provide their financing solutions through an integrated digital experience, thus accelerating digital transformation within the Kingdom of Bahrain’s financial sector.”
This partnership underscores KFH – Bahrain’s commitment to expanding its digital services and developing advanced, customer-centric banking solutions that provide reliable and efficient digital channels for accessing financing services.
