Mastercard, in collaboration with Faysal Bank, announced the launch of Pakistan's first Islamic corporate credit cards and SME debit card. This initiative aims to expand Islamic finance solutions and boost financial flexibility and secure payment options in the country.
The new products are designed to cater to the specific needs of corporate clients and small and medium-sized enterprises (SMEs) within the Islamic finance framework. This represents a significant step towards diversifying payment solutions in Pakistan's financial landscape.
This strategic partnership underscores Mastercard's commitment to financial inclusion and innovation in emerging markets. By offering Sharia-compliant payment tools, Mastercard and Faysal Bank are addressing a specialized market segment and supporting the growth of digital payments in Pakistan.
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