back Back

BENEFIT announces new cybersecurity feature on its app

By Leandra Monteiro

January 05, 2023

  • Bahrain
  • Benefit
  • BenefitPay
Share

BenefitBENEFIT, the Bahrain-based company in FinTech and electronic financial transactions service, has recently announced several security enhancements to the BenefitPay application with the aim of enhancing the user experience when switching mobile phones.

The latest enhancements include prompting users to deactivate the BenefitPay account used on their old phone before activating it on their new device, as this step contributes to enhancing user safety and security while limiting electronic fraud risks.

Commenting on the occasion, Ahmed AlMahri, Head of BENEFIT’s Business Development and Services Department, said, “As part of its efforts to improve and protect users’ experiences, BENEFIT is eager to periodically introduce improvements to its services and evaluate best practices. In this regard, we recently modified the activation mechanism of the BenefitPay application in a new phone, as the new procedure requires that the user first cancels the activated account on the old phone before proceeding to install the application on the new phone, by selecting the Deactivate feature in the Settings menu on the old device.”

He added, “In the event that the old phone is not available for any reason or due to formatting the old device, the customer must visit BENEFIT’s customer service center at the Company’s headquarters in Seef District, where the deactivating process will be completed by a qualified employee after verifying the customer’s identity. This measure is taken to ensure security and compliance with consumer identity verification regulations in order to protect them from fraudsters.”

Previous Article

January 05, 2023

Netcapital Inc. names Martin Kay as CEO

Read More
Next Article

January 05, 2023

Embedded Finance unlock massive opportunity for UK SMEs

Read More





IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
IBSi Journal International IBSi Journal India Download Sample

Other Related News

October 14, 2026

Axiology partners Orchestrate Funds to expand bond placement

Read More

October 14, 2026

Canton Foundation and Meritz Securities partner on asset tokenisation in Korea

Read More

October 14, 2026

Upgrade files for Nevada banking licence amid lending expansion

Read More

Related Reports

IBSi US FinTech Market Landscape & Vendor Analysis Report
US FinTech Market Landscape & Vendor Analysis 2026
Know More
Global Digital Banking Market Landscape & Vendor Analysis Q2 2026
Know More
Wealth Management & Private Banking Systems Report Q4 2025
Know More
IBSi US FinTech Market Landscape & Vendor Analysis Report
US FinTech Market Landscape & Vendor Analysis 2026
Know More
Treasury & Capital Markets Systems Report Q4 2025
Know More