Fawri+ — Payment Network Profile | nonusd

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Middle East2015-11-05

Fawri+

Fawri+ (Instant Payment System)

🇧🇭 BahrainBHD (Bahraini Dinar)

IssuerCentral Bank of Bahrain (CBB)Visit issuer →

Payment Types

P2PP2BInstant credit transfersReal-time interbank transfers

Key Features

Pioneer of instant payments in the Middle East (2015)
Part of Electronic Fund Transfer System (EFTS)
World leader in per-capita real-time payment adoption (projected 2027)
Supported by BenefitPay digital app
Connected to Afaq cross-border GCC payment system

Statistics

cost savings 2021$39 million

transactions 2021142 million

projected share 202778.6%

economic output unlocked

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Status

ALL SYSTEMS OPERATIONAL

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$246 million (2021)

electronic payment share~60% of electronic payments are real-time

projected per capita 202783.3 real-time transactions/month (world leader)

Profile

NetworkFawri+

Full NameFawri+ (Instant Payment System)

Country🇧🇭 Bahrain

CurrencyBHD (Bahraini Dinar)

RegionMiddle East

Launched2015-11-05

IssuerCentral Bank of Bahrain (CBB)

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