NPCI and BENEFIT Company Partner to Link UPI with Bahrain’s Fawri+ System

A major step toward enhancing financial connectivity between India and Bahrain has been achieved. NPCI International Payments Limited (NIPL), the global arm of the National Payments Corporation of India, has signed a partnership with Bahrain’s BENEFIT Company to facilitate instant and secure cross-border remittances.

UPI-Fawri+ Integration for Instant Transfers

The initiative will connect India’s Unified Payments Interface (UPI) with Bahrain’s Electronic Fund Transfer System (EFTS), specifically the Fawri+ service. This integration will allow users in both nations to send and receive funds in real-time, eliminating delays and reducing transaction costs associated with traditional remittance systems.

Regulatory Support and Institutional Collaboration

The collaboration is being implemented under the guidance of the Reserve Bank of India (RBI) and the Central Bank of Bahrain (CBB). It aligns with both countries’ shared goal of strengthening digital financial infrastructure and promoting transparent and efficient payment solutions across borders.

Benefit for the Indian Diaspora in Bahrain 

This move will particularly benefit the large Indian community residing in Bahrain, which constitutes around 30% of the country’s population. Real-time transfers will make sending money home faster and more affordable, directly improving the financial convenience of Indian workers and families.

Promoting Financial Inclusion and Digital Growth

By linking UPI with Bahrain’s EFTS, both nations are fostering innovation and inclusivity in financial services. The partnership exemplifies how digital technologies can enhance bilateral economic ties while improving accessibility for individuals and businesses.

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Conclusion

The UPI–Fawri+ collaboration marks a significant advancement in cross-border digital payments. It not only simplifies remittances but also reinforces India and Bahrain’s commitment to building a seamless, inclusive, and modern financial ecosystem.

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