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National Bank of Bahrain (NBB) has signed an MOU with BENEFIT Company to offer Direct Debit Solution to its business customers.
The bank stated that through Direct Debit tools, business customers can obtain control of when they want to pull funds from their payor accounts as per mutual agreement and this will ensure faster collection as well as eliminating reconciliation requirements.
Hisham Al Kurdi, NBB’s Chief Executive Corporate Institutional and Investment Banking, said that new digital solutions like this and our previously launched Business Online Banking are critical in assisting businesses modernise and in the process, become more productive, efficient and in turn maximise their potential as well as contribution to Bahrain’s economy.
The service streamlines and enhances the collection process.
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