Mastercard, Askari Bank sign deal

KARACHI: Mastercard has signed an agreement with Askari Bank Pakistan for a multifaceted partnership to enhance customer experience and launch new products for a growing number of the bank customers, a statement said on Monday.

The agreement is part of Mastercard and the bank’s commitment to bring innovative payment solutions to more people across the Middle East and Africa region and forge strategic partnerships that empower the Pakistani market, it added.

Representatives from Mastercard and Askari Bank’s top management witnessed the signing, which took place at an exclusive ceremony held at Mastercard’s premises. Through the agreement, Mastercard will support Askari Bank to enhance its product offering and expand its portfolio to reach more people, bringing its network, technology and insights to improve the day-to-day experiences for people across Pakistan, it said.

Moreover, it will help facilitate further growth for Askari Bank via increased credit card issuance to new segments, meeting the growing need for diversified banking products in Pakistan.