NBB, Benefit join hands to offer direct debit

National Bank of Bahrain (NBB) yesterday announced signing a Memorandum of Understanding with Benefit to offer Direct Debit Solution to Business Customers. Business customers are currently dependent on their payors on the timing and mode of payment (cheques/cash/transfers, etc.).

Through Direct Debit tools, business customers can now obtain control of when they want to pull funds from their payor accounts as per mutual agreement. Jean-Christophe Durand, CEO of NBB, said, “We are delighted to have this partnership that will allow our business customers an innovative solution to help them digitise their collections and reconciliation processes.”

Hisham Al Kurdi, Chief Executive Corporate Institutional and Investment Banking, added, “We look forward to rolling out this service alongside BENEFIT as this partnership will further strengthen our transaction banking offering and will continue to be our focus area as we grow our franchise”.