In Pakistan, May 18, 2023, to speed up payment innovation in Pakistan, Standard Chartered Bank Pakistan Ltd. and Mastercard signed an exclusive strategic relationship.
This collaboration is anticipated to broaden the Bank’s current product offerings and encourage the development of the nation’s digital payment infrastructure. Building on a long-standing alliance, Mastercard has once more been chosen as Standard Chartered’s preferred and only partner for all consumer and business debit and credit portfolios.
The partnership also includes the introduction of Mastercard’s World and World Elite cards, which are geared towards ultra-high net worth individuals (UHNWI) and offer unparalleled travel and lifestyle advantages. Access to certain luxury experiences, shopping options in various cities around the world, reduced rates for car rentals and chauffeur services, complimentary nights at specific hotels and resorts, as well as access to premium airline services.
Saadya Riaz, Head CPBB, Standard Chartered Pakistan said, “Our partnership with Mastercard reflects our commitment to offering our customers – best in class products and solutions with value-added benefits and a differentiated, digital-first client experience.”
Andrew Pugh, Vice President, and Head of Global Key Account Management, EEMEA, at Mastercard, said, “We are delighted to extend our long-standing partnership with Standard Chartered. It is only through forging strategic collaborations like these that we can achieve sustainable and inclusive growth, building a more connected ecosystem and thriving world beyond cash, where everyone has equal access to a better life.”
Strengthening the partnership with Standard Chartered underlines Mastercard’s dedication to assisting financial institutions in diversifying their array of payment options. Such initiatives are in line with Mastercard’s global commitment to include 50 million micro and small companies and 1 billion people in the digital economy by 2025. Mastercard continues to make steady progress towards promoting a vibrant cashless economy by investing in new and secure solutions that serve the needs of a variety of consumers. By providing Standard Chartered Bank’s customers with the most recent payment innovations and a market-leading portfolio of products and propositions that make regular purchases secure, simple, and rewarding, Standard Chartered Bank and Mastercard are committed to adapting to changing consumer behavior.
Stay tuned to Brandsynario for more news and updates.
