Arab Financial Services (AFS) has collaborated with ila Bank, a Bahraini digital mobile-only bank, to introduce a prepaid card offering. The card allows users to load a predetermined amount for in-store and online transactions, offering various user control features and insurance products for added value.
Facts
- ila Bank and AFS have partnered to introduce a prepaid card offering in Bahrain.
- The card is denominated in Bahraini currency and can be loaded with a set amount for transactions.
- Users have control over various elements, including setting transaction limits and enabling/disabling contactless and internet transactions.
- The card is linked with insurance products, such as Schengen medical insurance and travel medical insurance.
- AFS has been ila Bank’s partner since the bank’s inception in 2019.
- The initiative aligns with Bahrain’s vision for a cashless society and promotes financial inclusion.
- Previously, AFS and ila Bank collaborated on the Blue and Switch credit card offering and ila ATM in Bahrain, facilitating debit and credit card processing and mobile application integration and services.
