Premier Bank, one of Kenya’s top Islamic banks, has announced a partnership with Mastercard to launch a cutting-edge line of debit, credit and prepaid cards that adhere to Shari’ah.
This partnership, formalised on Thursday, represents a critical turning point in the provision of safe financial solutions that are suited to the various demands of the Kenyan populace and the broader market.
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Benefits of the Mastercard-Premier Bank partnership to customers
Through this partnership, Premier Bank and Mastercard are demonstrating their shared dedication to revolutionising Kenyan consumers’ and companies’ digital banking experiences.
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In addition to providing cutting-edge features like contactless payments and worldwide acceptance, the new Premier Mastercard suite will guarantee that all clients have access to extensive financial services that complement their beliefs and way of life.
Through this collaboration, Premier Bank and Mastercard will provide customers with seamless access to digital payments, robust security, and global reach.
The Premier Mastercard suite will enable customers to safely and conveniently make online payments, transact at physical stores, and withdraw cash from Premier Bank ATMs across the country.
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Premier Bank and Mastercard optimistic about the partnership
“We are excited to embark on this transformative journey with Mastercard. The Premier Mastercard suite reflects our commitment to delivering innovative financial solutions that cater to the evolving needs of our customers. Together with Mastercard, we aim to set new standards for digital banking in Kenya,” said Osman Dualle, CEO, Premier Bank Kenya.
Shehryar Ali, Mastercard’s Senior Vice President and Country Manager for East Africa and the Indian Ocean Islands, stated, “Our collaboration with Premier Bank is a testament to Mastercard’s dedication to advancing financial inclusion through innovative and responsible solutions.”
He continued, “The introduction of the Shari’ah-compliant Premier Mastercard suite is not merely a product launch. It is a strategic initiative that exemplifies our commitment to enabling communities with secure, convenient, and tailored financial services.”
“As Kenya continues to embrace digital transformation, this initiative will play a pivotal role in shaping a more inclusive financial landscape that caters to the evolving needs of individuals and businesses across the country,” he adds.