Ithmaar inks MasterCard ATM deal
Manama, September 25, 2013
Ithmaar Bank, a Bahrain-based Islamic retail bank, said it has signed an agreement to allow holders of globally-issued MasterCard credit and debit cards to use the bank's ATMs.
The Islamic retail bank said this allows all MasterCard users seamless access to its ATMs – including cash withdrawals and balance inquiries - regardless of where, or by which bank, the card was issued.
“We are firmly committed to continuously improving our customer service offerings,” said Ithmaar Bank acting CEO Ahmed Abdul Rahim. “This latest agreement with MasterCard is another step in this direction,” he said.
Earlier this year, Ithmaar announced a tie-up with MasterCard and introduced the first Islamic segmented MasterCard Debit Cards in Bahrain with the launch of two new debit cards from the MasterCard Premium Debit Card Collection.
As part of this program, all eligible Ithmaar customers can have their existing debit cards upgraded, at no additional cost, to the new MasterCard Debit Plus card, while Ithmaar Premier Customers will receive an exclusive Ithmaar MasterCard Premier Debit Card. Ithmaar Bank will further differentiate the offerings available to its diverse set of customers through these new cards.
Earlier, at the beginning of Ramadan, Ithmaar also launched a dedicated card specifically for youth account holders.
Called 7esabi, an Arabic term meaning “My Account”, the innovative account offers unique benefits and features, including a dedicated MasterCard debit card, for youth between 12 and 18 years old.
The new account was designed to get youth familiarised with the basic concepts of banking as early as possible.
“Ithmaar Bank has long stressed the importance of customer satisfaction to our continued success,” said Abdul Rahim.
“We realise, however, that not all customers have the same requirements and that we cannot achieve exceptional customer satisfaction with standard, one-size-fits-all solutions. Instead, we are tailoring our offering to meet the specific requirements of our different customers,” he added.-TradeArabia News Service