Collaboration aims to strengthen SME trade finance and enable cross-border digital integration
BENEFIT and Singapore-based technology company MonetaGo, in partnership with Bahrain Fintech Bay (BFB), have begun implementing Bahrain’s National Digital Public Infrastructure (DPI) Initiative.
The project will establish a digital ledger to record all financed trade transactions and invoice submissions, creating alternative data–driven credit scores to improve SME access to trade finance and reduce lending risks.
By combining Bahrain’s fintech ecosystem with Singapore’s digital trust frameworks, the initiative aims to build interoperable, cross-border digital public infrastructure connecting Asia and the Middle East. The long-term goal is to enhance secure, transparent trade finance and deepen financial and economic linkages between both regions.
Abdulwahed Al Janahi, Chief Executive of BENEFIT, said:
“By building technology that de-risks finance and increases liquidity, we are enabling a more transparent and resilient financial ecosystem, and positioning Bahrain as a regional leader in digital public infrastructure and innovation.”
Neil Shonhard, CEO of MonetaGo, added:
“This phase represents more than technological progress; it’s about establishing a trusted, interoperable framework that connects digital public infrastructure between Bahrain and Singapore, strengthening financial integrity and advancing secure, inclusive trade across regions.”
