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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Bahrain’s digital transactions touch $3.62bn in H1

  • The total number of payments made online and through point-of-sale (POS) machines reached 11.3 million during the month
  • The first half of the year saw a total of 53 million cashless payments valued at $3.62 billion, posting a 45.6 percent growth rate

Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after reaching nearly $4 billion in the first half of the year.

The total number of payments made online and through point-of-sale (POS) machines reached 11.3 million during the month, up by 65 percent compared to the same period last year.

The first half of the year saw a total of 53 million cashless payments valued at $3.62 billion, posting a 45.6 percent growth rate over the $2.4 billion worth of transactions recorded in the same period last year, according to the central bank.

Consumers shifted to digital payments at the start of the outbreak in 2020 amid concerns of COVID-19 infections and global lockdowns.

“Lockdowns last year caused a dramatic shift towards digital systems,” the central bank said.

Last year, Bahrain’s national electronic wallet, BenefitPay, reported a 785 percent increase in the number of remittances through its Fawri+ service, an online payment tool for fund transfers. Total remittances made through the digital service reached $5 million.

The European Payments Council also estimated that the Middle East and North Africa (MENA) region could process around 139 billion individual non-cash transactions next year, which is 90 billion more than five years ago.

“Even before the pandemic, the GCC was embracing digital and mobile banking and payments,” noted Dalal Buhejji, executive director of business development investment origination at the Bahrain Economic Development Board.