Al-Janahi: Financial Transactions Through “BENEFIT Pay” Reached Two Billion Dinars During the Year 2020 

During his Participation in 3ICT At UoB 

Al-Janahi: Financial Transactions Through “BENEFIT Pay” Reached Two Billion Dinars During the Year 2020 

The CEO of BENEFIT Bahrain, Abdulwahid Al-Janahi, revealed that the volume of electronic financial transactions during the Covid-19 pandemic has increased in an unprecedented way, as the total transactions amounted to two billion dinars during the year 2020, while the volume of transactions was 363 million dinars in the year 2019. 

This came during Al-Janahi’s participation in the International Conference on Innovation and Intelligence for Informatics, Computing, and Technologies (3ICT 2020), which was organized by the College of Information Technology at the University of Bahrain (UoB). As UoB hosted Al-Janahi via virtual broadcast a keynote speaker, where he reviewed electronic financial transactions as a successful alternative to cash transactions, and the community’s readiness to accept their use, as well as the success of the BENEFIT Pay application in Bahrain.  

Moreover, Al-Janahi stressed that the most important factors that led to the success of this experiment are the existence of national plans and strategies, the infrastructure for electronic payments, and the encouragement of innovation as well, in addition to the acceptance of society and users in Bahrain for electronic financial transactions. 

The conference discussed 86 research papers presented by 246 academic researchers from 31 different countries, as it aimed to create a global research platform that attracts global and local researchers and innovators in the field of informatics, computing and technology, which – despite the Covid-19 pandemic – had a significant impact on the progress pattern of higher education and academic research. 

UoB hosted the CEO of BENEFIT Bahrain Abdulwahid Al-Janahi among several keynote speakers, such as Prof. Vincenzo Piuri of Università Degli Studi di Milano in Italy, who discussed the latest trends in artificial intelligence in cloud computing and the Internet of Things, Prof. Helen Karatza of Aristotle University in Thessaloniki, Greece, to address the latest technologies in cloud computing that go into real-time application scheduling, Prof. Kevin Curran from the University of Ulster, UK, to present his work in maintaining data privacy through new symmetric encryption methods, and Prof. Raouf Butabah from the University of Waterloo in Canada to discuss the challenges and opportunities of network automation in everyday life. 

It is worth mentioning that the President of UoB, Prof. Dr. Riyad Yousif Hamzah, inaugurated the third edition of the International Conference on Innovation, Information Intelligence, Computing, and Technologies (3ICT 2020) On Sunday (20 December 2020), which was organized by the College of Information Technology at UoB, in cooperation with Edge Hill University in the Kingdom, King Abdulaziz University, Sultan Qaboos University, and the University of Dubai.