Standard Chartered Bank and Mastercard Forge an Exclusive Strategic Partnership to Drive Payment Innovation in Pakistan

Business Pakistan

Standard Chartered Bank Pakistan Ltd. and Mastercard have signed an exclusive strategic partnership aimed at accelerating payment innovation in Pakistan. The collaboration has expected to enhance the bank’s current offerings and contribute to the growth of the digital payment landscape throughout the country. As part of this agreement, Mastercard has once again become Standard Chartered’s preferred and exclusive partner for all consumer and commercial debit and credit portfolios.

In addition to this partnership, the launch of Mastercard’s World and World Elite cards is included, catering to ultra-high-net-worth individuals (UHNWI) and providing them with valuable lifestyle and travel benefits and experiences. These benefits include exclusive access to luxury experiences, shopping opportunities in various cities worldwide, discounted car rentals and chauffeur services, complimentary nights at select hotels and resorts, and access to premium airline services.

Saadya Riaz, the Head of CPBB at Standard Chartered Pakistan, expressed their commitment to providing customers with best-in-class products, solutions, and a differentiated, digital-first client experience through their partnership with Mastercard.

Andrew Pugh, Vice President and Head of Global Key Account Management, EEMEA, at Mastercard, shared his delight in extending the longstanding partnership with Standard Chartered. He emphasized the importance of strategic collaborations in achieving sustainable and inclusive growth, fostering a connected ecosystem, and advancing beyond cash to ensure equal access to a better life for all.

This collaboration further strengthens Mastercard’s commitment to assisting financial institutions in diversifying their payments solutions portfolio. It aligns with their global pledge to onboard 1 billion people and 50 million micro and small businesses into the digital economy by 2025. By investing in secure and innovative products that cater to a wide range of consumers, Mastercard continues to contribute to the development of a robust cashless economy.

Standard Chartered Bank and Mastercard share a commitment to meeting evolving consumer preferences by offering the bank’s customers the latest payment innovations and a market-leading range of secure, seamless, and rewarding products and propositions for everyday purchases.

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