Bahrain Islamic Bank launches Future Leaders financial literacy program with Mastercard-branded wearable payments

Trendy, simple and secure digital pre-paid product for 7 to 18-year-olds is the first Mastercard-branded wearable payment band in Bahrain

Bahrain Islamic Bank launches Future Leaders financial literacy program with Mastercard-branded wearable payments

Riyadh, Saudi Arabia: Bahrain Islamic Bank (BISB) has launched its ‘Future Leaders’ youth program, featuring the market’s first wearable wristband branded by Mastercard. Future Leaders is a one-of-a-kind prepaid solution for children and teenagers that enables parents to issue children’s allowances digitally, enabling better financial literacy for the children and more financial control for parents.

The digital allowance is stored securely on a comfortable wristband, ensuring access to a trendy and convenient wearable for kids from seven to 18 years old. A prepaid card option is also available. The cashless payment solution allows kids to conduct transactions, manage their finances and track their spending on the go.

“At BisB we are incredibly proud to empower the next generation, enable them to learn key life skills and encourage an independent mindset through Future Leaders.  We are delighted to collaborate with Mastercard as an innovative partner that ensures the payment technology is as safe as it is secure, ensuring our customers’ peace of mind. This program is an excellent example of how we can catalyze digital transformation in the financial sector by providing advanced innovations that truly transform our customers’ experience,” said Hassan Jarrar, CEO of Bahrain Islamic Bank.

“Accelerated digitization is all around us and research shows that contactless payments are here to stay. Wearable tech is also a growing segment, and while expecting at the very minimum a fast, secure and safe payment technology, we know that users – especially the young and digitally-savvy generations of tomorrow – will demand a seamless cashless payment experience. At Mastercard, we care greatly about financial literacy and inclusion, and seeing the youth increasingly more included and engaged in the Bahraini digital economy is really fantastic,” said J.K. Khalil, Country Manager, Saudi Arabia, Bahrain & Levant, Mastercard.

A Future Leaders prepaid account can be opened and activated by parents via BisB’s website or mobile app, for children between the ages of seven and 18 years. The solution is online, and NFC enabled, which can then be used to make purchases in stores as well as online via ecommerce. Parents can also receive notifications and transfer funds to children’s accounts.

Send us your press releases to

© 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