Bahrain Al-Baraka Islamic Bank has partnered with Nonoo Exchange Company and MasterCard Worldwide to launch a multiple currencies prepaid card.
Global platinum MasterCard MYCARD is the first product of its kind in the Middle East and Africa and can be used in five different currencies at the same time: USD, GBP, EUR, AED and BHD.
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It is accepted across 33m outlets and 1.9m ATMs worldwide and can be used to shop online, purchase in stores and or withdraw cash.
Mr. Mohamed Al-Matawa, CEO of Al-Baraka Islamic Bank said: "We are proud of issuing "MYCARD", which is the first card of its kind in the Middle East, enabling its valued holders to receive a wide spectrum of benefits & privileges different from those offered by other cards. This card is one of the most prestigious pre-paid cards in the world. It also provides distinctive services to companies and individuals."
The CEO of Nonoo Exchange Company, Mr. Fouad Nonoo said: you can get " MYCARD " and recharge through all branches of Al Baraka Bank in addition to NEC branches scattered all over the Kingdom of Bahrain. " MYCARD " a new product and a sophisticated of its kind in the field of banking services, which will facilitate exchange on our customers.
Somu Roy, Vice President, MasterCard Worldwide said "MasterCard is a critical link for businesses and cardholders worldwide and this partnership with Al-Baraka Islamic Bank is an example of how MasterCard works with businesses to develop secure, convenient and rewarding payment solutions that add real value for cardholders.
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