Premier Bank, a leading Islamic financial institution in Kenya, has partnered with Mastercard,BC a global payments and technology company, to launch a range of Shari’ah-compliant debit, credit, and prepaid cards.
This marks a significant step in delivering secure and inclusive financial solutions in Kenya and the broader region, according to FF News.
This collaboration is aimed at advancing the digital banking experience for both individuals and businesses in Kenya.
The new Premier Mastercard suite will provide customers with features such as contactless payments and global acceptance, all while adhering to Shari’ah principles, aligning with the values and lifestyles of their target market.
Premier Bank specialises in offering Islamic financial solutions, tailored to meet the unique needs of customers in Kenya.
The bank is known for its commitment to financial inclusion and delivering innovative products to underserved communities.
Mastercard, a leader in global payments technology, is dedicated to advancing digital transformation and creating tailored, inclusive financial products that benefit diverse communities worldwide.
The Premier Mastercard suite offers customers a variety of benefits. These include Lounge Access for World Elite Card users, travel insurance, and exclusive localised offers with merchants. Customers can enjoy discounts on retail shopping at Carrefour, dining deals with Uber Eats and KFC, and travel discounts with major airlines.
As part of the launch, Premier Bank is introducing special promotions. These include cashback offers and discounts at selected stores for customers signing up for the new debit cards.
Speaking about the partnership, Premier Bank CEO Osman Dualle said, “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.”
Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, added, “Our collaboration with Premier Bank is a testament to Mastercard’s dedication to advancing financial inclusion through innovative and responsible solutions. The introduction of 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.”
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