As part of the collaboration, Askari Bank and Mastercard will invest heavily in training and development, with a sharp focus on greater exchange of knowledge and technical know-how as well as portfolio management and product feature development to better reach the bank’s customers.
Askari Bank was the first bank in Pakistan to introduce ‘Mastercard’ cards in 1995, and currently offers its customers a wide range of Mastercard products including World, Platinum, Gold, Classic and Corporate cards.
Rashid Nawaz Tipu, Group Head Branch Banking, Askari Bank, said: “The collaboration comes at the right time for Askari Bank, as we are carefully reviewing our portfolio and analyzing customer insights and usage behavior. Today, more people than ever in Pakistan - and especially the youth - are confidently using their cards to pay at both brick-and-mortar and online stores. We look forward to tapping into Mastercard’s expertise in this domain and build solutions that will strengthen our engagement with customers and contribute to Pakistan’s cashless economy.”
Aurangzeb Khan, Country Manager, Pakistan and Afghanistan, Mastercard, said: “We are delighted to team up with Askari Bank to achieve our shared goals of enhancing the banking and payments experience for the bank’s customers. Pakistan has fast emerged as an important market and a testing ground for new and innovative cashless and digital payments ideas, including the recently launched Masterpass QR solution.”
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