A recent study by FOREX Index, a leading financial research company in Europe and the Middle East, revealed that Bahrain ranked second among Arab countries with the lowest use of cash in 2025. Only 20% of daily transactions were made using cash, reflecting the Kingdom’s strong progress toward a fully digital payment system. The UAE came first with the same percentage, followed by Qatar (25%), Saudi Arabia (30%), and Kuwait (30%), showing that Gulf countries are rapidly moving toward becoming cashless societies.
Bahrain’s digital growth is led by Benefit Company through its BenefitPay app, which has become essential for everyday payments, transfers, and bill settlements. In 2024, electronic transactions through “Fawri,” “Fawri+,” and “Fawateer” reached BD 33 billion, while “Fawri+” transactions rose 26% to 420 million. During the first half of 2025, “Fawri+” transactions grew another 15%, and the daily transfer limit increased to BD 3,000, further boosting digital payment adoption.
This progress highlights Bahrain’s steady move toward a modern, cashless digital economy.
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