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KARACHI: Standard Chartered Bank Pakistan Ltd and Mastercard have signed an exclusive strategic partnership to accelerate payment innovation in Pakistan.

This partnership is expected to expand the Bank’s existing offerings and fuel the growth of the digital payment landscape across the country. Building on a long-standing partnership, Mastercard has once again become the preferred and exclusive partner for Standard Chartered for all consumer and commercial debit and credit portfolios.

The collaboration also includes the launch of Mastercard’s World and World Elite cards, targeted at ultra-high-net-worth individuals (UHNWI), offering priceless lifestyle and travel benefits and experiences.

These include access to select luxury experiences, shopping opportunities in cities around the world, discounted car rental and chauffeur services, complimentary nights at select hotels and resorts, as well as access to premium airline services.

Saadya Riaz, Head CPBB, Standard Chartered Pakistan said that this partnership with Mastercard reflects Standard Chartered Bank’s commitment to offering 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 it is only through forging strategic collaborations like these that Mastercard 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.

Copyright Business Recorder, 2023

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