NPCI and BENEFIT launch real-time remittances between India and Bahrain

NPCI International Payments Limited (NIPL), the international arm of the NPCI, today announced a partnership with BENEFIT, Bahrain’s major fintech and electronic financial transaction company, to enable real-time cross-border money transfers between India and Bahrain.

Under the pact, India’s Unified Payments Interface (UPI) will connect to Bahrain’s Electronic Fund Transfer System (EFTS), specifically the Fawri+ service, allowing users in both countries to send and receive money instantly and securely.

The partnership, brokered under the leadership of the Reserve Bank of India (RBI) and the Central Bank of Bahrain (CBB), represents an important step in promoting cross-border payment connectivity between the two countries. It will enable residents to transfer money faster and more cost-effectively

“By linking UPI and Fawri+ service, the initiative aims to establish a strategic remittance corridor between India and Bahrain, increasing convenience for Bahrain’s large Indian community, which constitutes nearly 30 percent of the country’s population. This partnership will strengthen financial connectivity, enable transparent and secure real-time transfers and deepen economic integration between the two countries,” NPCI said in a statement.

Published on November 10, 2025