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Eight-fold rise in electronic real-time fund transfers

Bahrain Business
Wed, 16 Sep 2020
Avinash Saxena


MANAMA: A nearly eight-fold jump in electronic real-time fund transfers for two months in a row shows digitalisation is well underway in Bahrain’s financial services. The latest infographics released by the Central Bank of Bahrain (CBB) reveal that transactions using Fawri, Fawri+ and Fawateer services, enabled by the Electronic Fund Transfer System (EFTS), have seen substantial growth in August this year when compared with the same month last year.

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