Who is a beneficiary – understanding this concept in business and financeWho is a beneficiary? It might seem like a simple question, but in practice the definition of a beneficiary depends on legal, financial, and business context. We increasingly come across this term in bank documents, contracts, or payment regulations. In this article, we’ll explain what the term means, why it matters in different situations, and how modern fintechs, including Fenige.com, simplify processes where beneficiaries play a central role.