BisB collaborates with Al Naseem International School to introduce its future leaders payment solution to students

Enabling Parents to Manage their Children's Transactions Innovatively and Seamlessly

  
BisB collaborates with Al Naseem International School to introduce its future leaders payment solution to students

Manama, Bahrain: Bahrain Islamic Bank (BisB) recently announced the signing of a joint agreement with Al Naseem International School to launch its innovative payment solution, Future Leaders, to students as a payment method. The cashless payment service designed for youth, allows parents to track and manage their children’s transactions through the provision of a prepaid card, and wearable wristband, which can be managed through the BisB digital application and website.

The prepaid card is NFC enabled, and can be used to make purchases in stores as well as online. The Future Leaders card comes with an optional wristband where payments can be made on the go without even using the card, whereby parents will swiftly get a notification through SMS for each payment process.

Commenting on the occasion, Chief Retail Banking, Ms. Dalal Al Qais, stated, “We are pleased to announce the signing of this Memorandum of Understanding with Al Naseem International School, as the first educational institute to implement Future Leaders as the main payment solution for students. This comes in line with our commitment to supporting parents in their endeavour to educate their children on financial independence, putting them on the path to financial acumen, and ultimately developing their saving skills.”

President and Executive Director of Al Naseem International School, Mrs. Sameera Al Kooheji, also noted, “We are pleased to foster this partnership with BisB, which stands as a step forward in our ongoing mission to put ‘students first’. This agreement supports our mission to lead the way in the educational sector, through the introduction of innovative technology to pupils. By introducing Future Leaders within the school, our students will be able to learn financial independence in a safe environment, with the added benefit of contactless transactions, benefiting their health and safety.”

The Bank’s partnership with Al Naseem International School comes in line with the Banks simplification strategy that aims to simplify the daily financial transactions of its customers, which was formed as part of the Bank’s strategic aim to contribute to the Kingdom’s 2030 Economic Vision. The Kingdom’s Digital Government strategy is a vital initiative under the 2030 Vision, which seeks to proactively enhance the digital readiness and digital environment of government and educational institutions by introducing new digital technologies and solutions. Through the use of prepaid cards and wristbands, students additionally stand to benefit from additional health and safety precautions afforded by contactless payment solutions while conducting transactions, in light of the ongoing Covid 19 pandemic.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases