Premier Bank has partnered with Mastercard to introduce Shari’ah-compliant debit, credit, and prepaid cards in Kenya.
This initiative aims to promote secure and inclusive digital banking solutions for individuals and businesses. The new cards align with Islamic finance principles and cater to the diverse financial needs of Kenya’s population.
The Premier Mastercard suite offers features like contactless payments and global acceptance. Customers can access innovative financial solutions that fit their values and lifestyles.
The collaboration underscores a shared commitment to advancing financial inclusion and transforming digital banking.
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Commitment to Transforming Digital Banking
Osman Dualle, CEO of Premier Bank Kenya, expressed his enthusiasm for the partnership. He said: “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.”
Mastercard’s Shehryar Ali also highlighted the strategic importance of this launch. He stated: “Our collaboration with Premier Bank is a testament to Mastercard’s dedication to advancing financial inclusion through innovative and responsible solutions.
“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.”
The new cards provide customers with seamless digital payment options, robust security, and global reach. Customers can make online payments, transact at physical stores, and withdraw cash from Premier Bank ATMs. The collaboration ensures that financial services remain inclusive, innovative, and secure.