Manama, Bahrain: ila Bank, the region’s fast growing digital mobile-only bank, launches personalized Bahraini denominated Prepaid Cards, empowering customers and granting them financial flexibility and convenience. Designed to fulfil the needs of all users, the cards may be used by customers or shared with a spouse, child, other family members and household employees.
This versatile product by ila Bank underscores its continued commitment to drive financial inclusion in the country and facilitate a cashless digital economy. The ila Prepaid Cards are available in striking solid pink, blue and gradient green colors and may be used for in store or online purchases. Customers’ can top up the cards from their main BHD account and enjoy a range of benefits.
Commenting on the launch, ila Bank Head of Business & Customer, Nada Tarada said: “At ila, we endeavor to make banking simple, personal, and inclusive. Our Prepaid Cards embody these attributes and are complemented by ample benefits catered to all user segments. One of the main segments we are supporting are parents who would like to issue cards for their children and still have the ability to monitor their spending. This encourages the younger generation to build good financial habits early on and enables them to make digital payments within their parents’ supervision.”
For customers who prefer to manage their spending by using an ila Prepaid Card when traveling, the card offers a host of benefits including access to travel medical insurance, Mastercard offers, 3D secure feature, a spending limit of BHD2,500 and a range of discounts and offers via various partners and stores in the Kingdom of Bahrain
In addition, ila has especially designed a Student Prepaid Card with tailored benefits, namely cashbacks on transactions made in a number of school cafeterias operated by the Eastern Bakery.
The seamless cards offer customers full control of their transactions through the ila app, including the ability to set a limit for retail transactions, whether POS or e-commerce, ATM Cash withdrawals, as well as the number of transactions each day. In addition, customers may enable or disable contactless and internet transactions as needed.