Mastercard partners with BOP

KARACHI: Mastercard and the Bank of Punjab (BOP) have launched a suite of new payment solutions for commercial sector, aiming to boost the digital economy and financial inclusion in the country, a statement said on Tuesday.

Mastercard and the BOP have expanded their partnership to cover the commercial segment, ranging from large corporate entities and small and medium enterprises (SME) to freelancers and gig workers, it added.

BOP will become the first bank in Pakistan to issue Mastercard BusinessCards for SMEs, offering a range of solutions designed to cater to the country’s 5.2 million-strong SME market. The bank has also launched the first foreign currency business debit card, enabling more than 2.5 million freelancers to digitize their payments.