Why has ADCB issued a 'Chip' Card while other banks still issue a magnetic stripe card ?

ADCB has invested in cutting edge technology and state of the art systems to offer you the all new ADCB ‘Chip’ Credit card. In addition to providing you ultimate security and enhanced features it also offers you ADCB ‘Chip’ Rewards entitling you to gifts on instant purchases, repeat purchases and special occasions etc. at select merchant outlets in the UAE.
In addition, you will also continue collecting ADCB Pearls on all your purchases that can be redeemed in cash and will be reflected on your monthly statements.