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ila Bank partners with Mastercard to launch innovative solutions and expand into new markets

1. ila Bank partnered with Mastercard to enhance consumer products. 2. New loyalty program focuses on premium benefits for cardholders. 3. Collaboration aims at innovation in the digital payments ecosystem. 4. Products include enhanced fraud solutions and privacy protection. 5. ila Bank emphasizes customer-centric solutions in a cashless economy.

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Why Bullish?

The partnership demonstrates Mastercard's continued expansion in digital payments, which historically drives stock growth. Similar partnerships in the fintech sector have resulted in increased valuations for comparable firms.

How important is it?

The article emphasizes the continued strategic positioning of Mastercard in global digital payments. This could enhance investor confidence and has potential to boost MA’s valuation.

Why Long Term?

The strategic collaboration is likely to yield positive outcomes over time, contributing to sustained revenue growth. Historical trends show that innovation partnerships typically take time to realize significant financial benefits.

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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. About MastercardMastercard 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. www.mastercard.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a838d1fe-d20b-4879-8e41-152c9e78b0a4 Mastercard & ila Bank Partnership A photo from the signing ceremony

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