Bahrain boasts a robust banking sector and is recognized as a key financial hub in the Middle East. Its economy is more diversified compared to many neighboring countries, with the Bahraini Dinar being one of the highest-valued currencies globally. The local payment infrastructure is well-developed, with all debit cards branded under the BENEFIT scheme, which supports both online and in-store transactions. The addition of BenefitPay, a digital wallet, further enhances Bahrain’s payment landscape.

Bahrain’s economic growth has been fueled by stronger exports to key markets like Saudi Arabia and the UAE, along with a rise in foreign direct investments, which reached USD 34.5 billion in 2022. The government’s Vision 2030 initiative, aimed at reducing dependence on oil and gas, is driving reforms to improve the business environment. Additionally, the USD 7.5 billion from the GCC Development Fund has been pivotal in supporting large-scale investments in the country.