Mastercard and Faysal Bank have renewed and expanded their strategic business partnership to redefine Pakistan’s Islamic Banking sector, by setting a new benchmark for customer engagement and product innovation. This collaboration will see the renewal of Faysal Bank’s fastest growing Noor credit card portfolio and also the introduction of Pakistan’s first Islamic corporate credit cards and SME debit card, marking a significant expansion of the bank’s card portfolio and a deeper commitment to providing businesses with tailored financial solutions.
Through this partnership, Faysal Bank customers will continue to enjoy a secure, seamless payment experience, along with a wide array of best-in-class benefits across dining, travel, lifestyle, and shopping. This collaboration also brings enhanced value to customers seeking a premium banking experience. Holders of the World and soon-to-be launched World Elite Noor Credit Cards can now access an elevated level of service, priceless experiences, and personalized benefits that reflect their lifestyle.
Mr. Yousaf Hussain, President& CEO of Faysal Bank, stated “We are privileged to strengthen our partnership with Mastercard, a trusted leader in financial payments innovation. By integrating Mastercard’s advanced technology with Faysal Bank’s dedication to customer-centric solutions, we aspire to transform the Islamic banking experience, meeting our customers’ aspirations and setting new standards of excellence in the industry.”
J.K. Khalil, EVP, Division President, East Arabia, Mastercard, added: “Our exclusive partnership with Faysal Bank, a leading issuer of Islamic credit cards in Pakistan has been instrumental in bringing innovative Islamic finance solutions to the market. Together, we are co -creating products that empower individuals, SMEs, and businesses, elevating the customer experience while ensuring cardholders benefit from secure, rewarding, and market-leading offerings in the industry.
This strengthened partnership reinforces Mastercard’s and Faysal Bank’s shared commitment to advancing the Islamic banking sector in Pakistan, setting the stage for continued growth, customer-centric innovation, and a positive impact on the nation’s economic landscape.
