CBB Paves Way for Instant Payments Between Bahrain and India
Ashwini Gambo
The Central Bank of Bahrain (CBB) has facilitated a landmark partnership that is set to revolutionize financial connectivity between Bahrain and India. The agreement, signed between Bahrain’s national payment network operator Benefit and NPCI International Payments Limited (NIPL) the global arm of India’s National Payments Corporation of India (NPCI) establishes a direct link between Bahrain’s Electronic Fund Transfer System (EFTS) and India’s Unified Payments Interface (UPI).
This collaboration will enable instant, secure, and low-cost cross-border transfers between the two nations, significantly benefiting individuals and businesses alike. By integrating Bahrain’s popular Fawri+ service with India’s world-renowned UPI platform, the initiative aims to simplify remittances, enhance trade flows, and promote financial inclusion.
The move underscores Bahrain’s growing role as a regional fintech hub, aligning with the CBB’s commitment to advancing digital financial services and fostering stronger economic ties with India.
