Premier Bank, Mastercard jointly launch Shari’ah compliant solutions

BUSINESS

Premier Bank has partnered with Mastercard to introduce a collection of Shari’ah-compliant debit, credit, and prepaid cards.

The fresh Premier and Mastercard suite will offer features including contactless payments and global acceptance, while also ensuring that all customers can access comprehensive financial services that align with their values and lifestyles.

“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 of Premier Bank Kenya.

This collaboration marks a significant milestone in delivering secure financial solutions, tailored to meet the diverse needs of Kenya’s population, and represents the players’ shared commitment to redefine the digital banking experience for individuals and businesses.

“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,” said Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard.

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.

In addition, the Premier Mastercard suite provides several benefits, including Lounge Access through the World Elite Card, travel insurance, and localized offers with merchants such as retail shopping discounts at Carrefour, dining deals through Uber Eats and KFC, and travel discounts with major airlines. To celebrate the launch, Premier Bank is offering special promotions, including cashback offers and discounts at selected stores for customers who sign up for the new debit cards.