Summary:
Premier Bank and Mastercard have joined forces to provide Sharia-compliant debit, credit, and prepaid cards. This initiative aligns financial services with customers’ values, setting a new standard for digital banking in Kenya.
Premier Bank has partnered with Mastercard to unveil a groundbreaking suite of Sharia-compliant debit, credit, and prepaid cards, offering innovative financial solutions tailored to the diverse needs of individuals and businesses in Kenya.
This partnership underscores the commitment of both Premier Bank and Mastercard to revolutionize digital banking by providing secure, inclusive, and value-driven financial products. The new card suite will combine advanced features like contactless payments and global acceptance, ensuring customers enjoy seamless access to financial services that align with their lifestyles and religious values.
Speaking about the collaboration, Osman Ahmed, CEO of Premier Bank Kenya, expressed his enthusiasm:
“We are thrilled to embark on this transformative journey with Mastercard. The Premier Mastercard suite underscores our dedication to delivering innovative financial solutions that meet the evolving needs of our customers. Together with Mastercard, we aim to set a new benchmark for digital banking in Kenya.”
Shehryar Ali, Mastercard’s Senior Vice President and Country Manager for East Africa and the Indian Ocean Islands, emphasized the strategic importance of the initiative:
“The introduction of the Sharia-compliant Premier Mastercard suite is more than just a product launch. It is a significant step towards fostering financial inclusion through secure, convenient, and tailored solutions. As Kenya embraces digital transformation, this initiative will play a vital role in creating a more inclusive financial landscape that caters to the unique needs of individuals and businesses.”
READ MORE: Sambhal Violence: Samajwadi Party Delegation to Assess Mosque Incident; 25 Arrested in Connection
The Premier Mastercard suite is designed to provide customers with robust security, global reach, and unparalleled convenience. Cardholders can make online payments, transact at retail outlets, and withdraw cash at Premier Bank ATMs across the country with ease and confidence.
In addition to these core features, the card suite offers exclusive benefits such as:
- Lounge Access: Available through the World Elite Card for a premium travel experience.
- Travel Insurance: Comprehensive coverage to ensure peace of mind during trips.
- Localized Offers: Discounts and deals with popular merchants, including Carrefour, Uber Eats, KFC, and major airlines.
To mark the launch, Premier Bank has rolled out special promotions, including cashback rewards and discounts at selected retailers for customers signing up for the new cards. These incentives highlight the bank’s commitment to enhancing customer satisfaction while introducing innovative solutions.
Through this strategic collaboration, Premier Bank and Mastercard aim to empower communities by providing secure and accessible digital payment options. As Kenya’s financial ecosystem continues to evolve, the partnership is poised to drive significant progress in digital banking and financial inclusion.
