Premier Bank has partnered with Mastercard to introduce a range of Shari’ah-compliant debit, credit, and prepaid cards, marking a significant milestone in the bank’s efforts to expand secure and inclusive financial solutions in Kenya and the broader East African region.
This collaboration is designed to enhance the digital banking experience for both individuals and businesses in Kenya, aligning with the country’s growing demand for accessible, secure, and ethical financial products. The new Premier Mastercard suite is set to provide customers with features such as contactless payments, global acceptance, and the assurance that all transactions comply with Shari’ah principles, reflecting the values and lifestyles of the bank’s target market.
As a leading provider of Islamic financial solutions, Premier Bank has built a reputation for offering tailored products that meet the unique needs of its diverse customer base. The bank is known for its commitment to financial inclusion, particularly for underserved communities across Kenya.
Mastercard, a global leader in payment technology, has been at the forefront of digital transformation, constantly innovating to deliver financial products that cater to a wide range of communities around the world. Through this partnership, both companies aim to create a more inclusive financial ecosystem that meets the needs of Kenya’s evolving digital economy.
The Premier Mastercard suite offers a range of exclusive benefits for its users. These include Lounge Access for World Elite Cardholders, travel insurance, and special localized offers at popular merchants. Customers will enjoy discounts on retail shopping at Carrefour, dining offers with Uber Eats and KFC, as well as travel discounts with major airlines.
To mark the launch, Premier Bank is offering special promotions, including cashback and discounts at selected stores for customers who sign up for the new debit cards. These offers are designed to encourage adoption and help customers experience the benefits of the new cards from day one.
Premier Bank’s CEO, Osman Dualle, expressed his excitement about the partnership, stating: “We are thrilled 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.”
Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard emphasized the importance of the collaboration, saying: “Our partnership with Premier Bank is a testament to Mastercard’s dedication to advancing financial inclusion through innovative and responsible solutions. The introduction of the Shari’ah-compliant Premier Mastercard suite is not just a product launch—it’s a strategic initiative to empower 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 for individuals and businesses across the country.”
This launch represents a bold step towards broadening access to ethical financial services, and Premier Bank, together with Mastercard, is setting the stage for a future of digital banking that serves the diverse needs of Kenya’s growing economy.
