KFH-Bahrain introduces direct debit
Manama, May 9, 2012
Kuwait Finance House – Bahrain, a leading provider of Islamic investment, has announced its participation in the direct debit service of The Benefit Company, which operates the cash machine (ATM) network in the kingdom.
This automated mechanism allows for settlement of utility, telephone bills and any other payments that are made on a regular basis by KFH-Bahrain customers.
Khalid Rafea, head of Banking Group at KFH-Bahrain, said: “We have all come to depend on the electronic services to provide the best services for our customers. We believe that these are all necessary steps to fulfill our vision of becoming a market leader in financial products and services and to provide alternative channels through which our customers can securely and dependably manage their banking needs.”
“Our customers will now be able to make such payments for more than ten service providers using this new service.”
“It is a simple transaction whereas customers will need to fill in an application form - available with service providers - indicating his or her account number which will permit the automatic debit. Subsequently, there is a secure account verification process that allows the billed amounts to be automatically deducted from the customer’s designated account,” he added. – TradeArabia News Service