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Bahrain-based Shamil Bank is in the final stages of installing a more secure system for credit and ATM card transactions.
Shamil, a leading commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank, said the new EMV chip-based cards would offer more security to customers.
"The new cards will contribute, directly, to further improving the Shamil banking experience," said the bank's retail banking assistant general manager Mohammed Janahi. "They are a result of almost a full year of careful research, and will allow our customers even more confidence in our commitment to their financial security," he said.
"The new chip-based cards feature the latest, most secure technology available globally and will also allow customers increased mobility by allowing them access to the whole MasterCard network around the world," said Mr Janahi.
"The latest data indicates that the new cards will be accepted at some 28 million outlets and 1.5 million worldwide."
During the migration phase, customers will be able to continue to use their existing credit cards until they receive their new cards which will be sent to them, from the end of June, by courier.
Shamil Bank customers will also be able to use their existing ATM cards until they collect their new EMV chip MasterCard ATM cards from their respective branches.
