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Mid East Info
5 days ago
- Business
- Mid East Info
ila Bank partners with Mastercard to launch innovative solutions and expand into new markets - Middle East Business News and Information
MANAMA, Bahrain: ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank's proposition across consumer products, launching new affluent, travel products and loyalty offerings. ila Bank will leverage Mastercard's expertise to introduce loyalty program that supports cardholders' lifestyle, providing added value across a wide range of areas, including dining, luxury shopping, travel and priceless experiences. The new product line will also leverage enhanced fraud solutions and privacy protection to secure every transaction. Mohamed Almaraj, ila Bank CEO, said, 'ila has always been about the customer. We are proud to have maintained our commitment to offering customer-centric solutions and experiences in a growingly cashless economy, and this strategic agreement furthers the ila promise of 'banking that reflects you'. Renewing our engagement with Mastercard will strengthen our standing as the frontrunner in the region's digital payments landscape by offering the most seamless, secure and future-focused product portfolio that provides unparalleled premium benefits.' Adam Jones, Mastercard's Division President for West Arabia, said, 'In line with our shared commitment to driving innovation across the digital ecosystem, our long-standing relationship with ila Bank focuses on delivering customer-first solutions that help ensure a secure and rewarding banking experience. We will continue to provide our partners with enhanced product offering, supporting regional expansion.' Mastercard has been a trusted partner of ila Bank from the outset, supporting the bank's strategy Together, they have introduced several innovative propositions to the market, including the multi-currency debit program, the Pay with Rewards loyalty program and the Mastercard airline co-brand with Gulf Air in Bahrain. Since its establishment in 2019, ila Bank has been dedicated to addressing the dynamic needs and lifestyles of its customers with bespoke banking solutions. The digital, mobile-only bank, well-received both domestically and regionally, currently offers a range of card products, including debit, credit and prepaid cards, that provide unparalleled bonus advantages and a personalized loyalty reward system. Other innovative products accessible through the award-winning ila app include smart digital saving tools, like Hassala and Jamiya, as well as Al Kanz, ila's prize account that awards substantial cash prizes to lucky customers throughout the year.
Yahoo
5 days ago
- Business
- Yahoo
ila Bank partners with Mastercard to launch innovative solutions and expand into new markets
Mastercard & ila Bank Partnership MANAMA, Bahrain, May 27, 2025 (GLOBE NEWSWIRE) -- ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank's proposition across consumer products, launching new affluent, travel products and loyalty offerings. ila Bank will leverage Mastercard's expertise to introduce loyalty program that supports cardholders' lifestyle, providing added value across a wide range of areas, including dining, luxury shopping, travel and priceless experiences. The new product line will also leverage enhanced fraud solutions and privacy protection to secure every transaction. Mohamed Almaraj, ila Bank CEO, said, 'ila has always been about the customer. We are proud to have maintained our commitment to offering customer-centric solutions and experiences in a growingly cashless economy, and this strategic agreement furthers the ila promise of 'banking that reflects you'. Renewing our engagement with Mastercard will strengthen our standing as the frontrunner in the region's digital payments landscape by offering the most seamless, secure and future-focused product portfolio that provides unparalleled premium benefits.' Adam Jones, Mastercard's Division President for West Arabia, said, 'In line with our shared commitment to driving innovation across the digital ecosystem, our long-standing relationship with ila Bank focuses on delivering customer-first solutions that help ensure a secure and rewarding banking experience. We will continue to provide our partners with enhanced product offering, supporting regional expansion.' Mastercard has been a trusted partner of ila Bank from the outset, supporting the bank's strategy Together, they have introduced several innovative propositions to the market, including the multi-currency debit program, the Pay with Rewards loyalty program and the Mastercard airline co-brand with Gulf Air in Bahrain. Since its establishment in 2019, ila Bank has been dedicated to addressing the dynamic needs and lifestyles of its customers with bespoke banking solutions. The digital, mobile-only bank, well-received both domestically and regionally, currently offers a range of card products, including debit, credit and prepaid cards, that provide unparalleled bonus advantages and a personalized loyalty reward system. Other innovative products accessible through the award-winning ila app include smart digital saving tools, like Hassala and Jamiya, as well as Al Kanz, ila's prize account that awards substantial cash prizes to lucky customers throughout the year. Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. A photo accompanying this announcement is available at CONTACT: Maher Albash M +971 50 188 2508 malbash@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Saraha News
6 days ago
- Business
- Saraha News
ila Bank wins ‘Best Consumer Digital Bank in Bahrain' title at Euromoney Awards for Excellence 2025
ila Bank wins 'Best Consumer Digital Bank in Bahrain' title at Euromoney Awards for Excellence 2025 Bahrain's leading digital mobile-only bank wins the prestigious award for its revolutionary business model that has changed the face of traditional retail banking. Manama, Bahrain: ila Bank, powered by Bank ABC, has been declared Best Consumer Digital Bank in Bahrain by Euromoney Awards for Excellence 2025. The award celebrates ila's phenomenal success in reimagining retail banking, placing consumers at the core of its innovative digital mobile-only proposition. The award was presented on 20 May in Dubai at a ceremony attended by the industry's leading financial institutions and experts. Commenting on the prestigious award, Mohammed Al Maraj, Group Head of Retail Banking at Bank ABC and ila Bank CEO, said, 'It is an honour to win the title of Best Consumer Digital Bank in Bahrain by a long-established awards programme like Euromoney. This recognition reinforces our commitment to continue delivering superior digital banking experiences, while promoting further financial inclusion in Bahrain and the wider region. We take great pride in providing fast, convenient, and personalised consumer banking solutions that greatly enrich our customers' lifestyles. I thank Euromoney for this esteemed award, our customers for their faith in our capabilities, and the Board and leadership at Bank ABC for their unwavering guidance and support. I remain grateful to the ila team for their relentless efforts in making ila a household name that is renowned for 'banking that reflects you'.' ila's unique banking proposition has made a positive impact since its launch in 2019. By offering intuitive, seamless digital banking products and services, ila has successfully eliminated customer pain points in managing and taking control of their finances. The Bank's customer-centric approach has enabled it to drive exceptional growth through personalised product offerings, communications and never-before benefits and privileges that drive customer trust and engagement. ila's continued success is reflected in its year-on-year growth across key metrics. ila Bank has been expanding its footprint across the region to bring its digital-first banking proposition to underserved markets, thereby spurring financial inclusion and redefining consumer banking experiences in MENA. Further expansion plans are well underway. By leveraging innovative technology, data analytics and simply listening to what customers require, ila Bank has fundamentally reshaped conventional banking as well as Islamic Banking through alburaq. Its innovative proposition comprises rapid onboarding, multi-currency accounts, easy payments and transfers, convenient savings tools like Al Kanz, Hassala and Jamiyah, Government Securities investment solution amongst an extensive product suite. The Best Digital Bank in Bahrain award is one of four titles swept by Bank ABC Group at the Euromoney Awards for Excellence 2025. The award platform recognises world-class institutions that have demonstrated innovation, leadership and positive impact in their banking propositions in the capacity of a leading
