{"id":4140,"date":"2025-03-05T16:35:47","date_gmt":"2025-03-05T11:35:47","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=4140"},"modified":"2025-03-05T16:35:47","modified_gmt":"2025-03-05T11:35:47","slug":"mastercard-partners-with-mashreq-to-support-its-launch-as-a-digital-bank-in-pakistan","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4140","title":{"rendered":"Mastercard Partners with Mashreq to support its launch as a Digital Bank in Pakistan"},"content":{"rendered":"

Dubai, UAE:\u00a0<\/strong>Mastercard has signed a multi-year strategic agreement with\u00a0Mashreq<\/a>\u00a0to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments.<\/p>\n

The State Bank of Pakistan (SBP) has awarded Mashreq Pakistan a restricted license for pilot operations as part of the government\u2019s strategy to unlock Pakistan\u2019s digital potential and provide greater access to financial services to underserved consumer groups. Combining Mashreq\u2019s regional success with Mastercard\u2019s global and Pakistan expertise, this collaboration will introduce innovative digital propositions to individuals and businesses in Pakistan with the aim of bolstering the digital economy, accelerating digital payment adoption and driving financial inclusion in Pakistan.<\/p>\n

\u201cOur strategic collaboration with Mastercard exemplifies the strong synergy between our two organizations and our shared vision to support Pakistan\u2019s growth by delivering exceptional customer experiences<\/a> and greater financial accessibility. This collaboration will enable us to offer unmatched efficiency, reliability, and security across card products for both consumers and businesses. Our ambition is to simplify payments through fast and secure transactions, redefine service delivery that empowers financial growth, and drive innovation that creates mutual value and financial empowerment. Together, we look forward to\u00a0expanding the reach of digital payments<\/a>, catalyzing sustainable growth, and contributing meaningfully to Pakistan\u2019s digital economy,\u201d said\u00a0Muhammad Hamayun Sajjad<\/strong>, CEO for Mashreq Pakistan.<\/strong><\/p>\n

\u201cAt Mastercard, we are committed to harnessing the power of collaboration to develop the financial service ecosystem in Pakistan<\/a>. We are proud to be\u00a0Mashreq\u2019s choice to aid with launch of its digital bank<\/a>\u00a0in Pakistan with leading digital propositions for customers and businesses alike. Our collaboration with a\u00a0leader like Mashreq serves to transform the digital<\/a>\u00a0economy and broaden access to financial services and while driving meaningful change for underserved communities in Pakistan,\u201d said\u00a0<\/strong>Arslan Khan, Country Manager, Pakistan and Afghanistan, Mastercard<\/strong>. \u00a0<\/strong><\/p>\n

About Mastercard<\/strong><\/h2>\n

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we\u2019re building a sustainable economy where everyone can prosper. We support a wide range of\u00a0digital payments<\/a>\u00a0choices, 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.<\/p>\n

About Mashreq<\/strong><\/h2>\n

Mashreq is more than half a century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq has pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region\u2019s most prominent corporations and wealth accounts.<\/p>\n

The bank\u2019s mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success.<\/p>\n

Reassuringly present in major financial centres of the world, Mashreq\u2019s home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai, UAE: Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments. The State Bank […]<\/p>\n","protected":false},"author":1,"featured_media":4141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1303],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t