BFC Group Holdings W.L.L. (BFC Group) was established in January 2008 and is the principal owner of Bahrain Financing Company (BFC), Bahrain Exchange Company (BEC),BFC Forex (BFC Forex)  and BFC Payments that specializes in global money transfers, foreign exchange, wholesale currency services, digital payment services and card processing.

The Group is parented by AlKhair Holding B.S.C.(C), formerly known as Bank Alkhair B.S.C. (C). The history of the companies that are incorporated under the Group date back over 100 years, with Bahrain Financing Company (BFC) first trading in gold bullion in 1917 in the Kingdom of Bahrain and continually growing its services by entering the remittance market in the 1970’s.

Today the Group includes an international network of money exchanges with over 140 retail branches across 3 countries. We are constantly expanding with many direct and partnership arrangements enabling our customers to send money internationally to over 400,000 agent locations through EzRemit, MoneyGram, Transfast and Xpress Money in over 200 countries and territories.

BFC Group is focused on creating value for its customers and strives to improve its core products and services by continuously building a trusted brand.

Established  in 2018, BFC Payments B.S.C. (C) is licensed by the Central Bank of Bahrain (CBB) as an Ancillary Service Provider with permitted activities of Card Processing and Payment Service Provider.

BFC Payments is affiliated with a century-old business and is fully owned by BFC Group. With a vision to become one of Bahrain’s leading electronic payments and FinTech solutions companies, BFC Payments offers pioneering electronic payments solutions that give clients and end users peace of mind and security. This fintech subsidiary of BFC Group specializes in digital payment services which include global money transfers, mobile wallet, prepaid card and In 2021, BFC Payments launched its SuperApp, BFC Pay, which offers a digital wallet with many financial services and multiple prepaid card offerings.

BFC Payments’ digital salary solution is fully compliant with the Wages Protection System(WPS), a new directive being implemented by the Bahrain Labour Market Regulation Authority (LMRA) and the Central Bank of Bahrain (CBB). Its flagship product, the BFC has become one of the leading payment solution providers in the market.

The enhanced App has a digital wallet that includes easy account opening using eKYC. The App enables customers to do international remittances, local bill payments, wallet-to-wallet
money transfers, prepaid cards, and our newly introduced VISA Platinum Travel Buddy prepaid card for international travel and shopping.

The App facilitates 3 different payment methods – BenefitPay App, Benefit Payment Gateway, BFC Pay wallet and credit card to conveniently use any of our services.

What Makes BFC Payments Unique?

Innovative Product Offering

Credibility & Trust

Efficient Customer Service

Unique solutions catering to different customer segments

Our Values

We are passionate about understanding our customers and responding in a manner that meets their needs.


  • We are passionate about understanding our customers and responding in a manner that meets their needs.
  • Knowing we are part of a family who looks out for one another.


  • We are open, honest, and accountable to operate in everyone’s best interest.
  • We work together to create a culture of respect and appreciation for all.


  • We work hard, looking for ways to improve our operations through creativity and innovation.
  • Building a professional multicultural team, to connect with our customers.