Karachi, Pakistan – August 22, 2016: Ushering in a new era of exclusivity in Pakistan’s vibrant banking sector, Mastercard and Faysal Bank, one of Pakistan’s leading banks, today signed an agreement for Faysal Bank World Debit Mastercard. Designed to provide the bank’s private banking customers with a range of priceless travel and lifestyle benefits, the products will offer a gateway for cardholders to enjoy exclusive privileges reserved only for the global elite.

Both offerings will give privileged access to exclusive travel experiences including room upgrades at selected hotels and discounted airline tickets, along with extensive insurance benefits to create peace of mind when travelling abroad.

Khalid Elgibali, Division President Middle East and North Africa Mastercard, said, “We are pleased to bring our premium debit card offerings to customers of Faysal Bank in Pakistan. Mastercard’s World and World Elite debit cards are designed to offer the ultimate in global service, and deliver unmatched benefits that improve consumer satisfaction at all touchpoints of luxury – such as travel, dining, recreation and more. As with their counterparts the world over, affluent consumers in Pakistan’s expanding banking sector are eager for new experiences and exclusive privileges. Mastercard’s premium debit cards help meet this need by providing access to a range of personalized experiences, whilst allowing cardholders to derive greater value from their spending – whether at home or abroad.”

Nauman Ansari, President and CEO, Faysal Bank, said: “The World Debit Mastercard will expand the horizon of experiencing luxury for our high-net worth customers. The products’ benefits will gear to the needs of customers who lead a fast-paced life and are desirous of personalized services, helping open up endless opportunities for cardholders to live life to the fullest, at their own convenient time and place. The launch of the cards will positions our bank as a leader in Pakistan’s banking industry, consistently pioneering innovative products and payment solutions that provide customers with the capability and confidence to make safe and secure transactions –anywhere, and at anytime.”

Customers of Faysal Bank can look forward to experiencing an exceptional and personalized global service with their new World Debit Mastercard. Travel is a relaxing affair with the round-the-clock Mastercard Airport ConciergeTM, assisting cardholders at the airport at over 500 destinations. Access to top luxury resorts, elite status at select car rentals, and complimentary room upgrades are some of the perks of vacationing with a World Debit Mastercard in the wallet. The luxury and convenience is complemented by assured service assistance, as the Mastercard Global ServiceTM bolsters customer confidence with emergency card replacement or cash advance if the primary card is misplaced while travelling.

The collaboration with Faysal Bank further underscores Mastercard’s commitment to helping financial institutions diversify their payments solutions portfolio. With investments in new and secure products that cater to the needs of a cross-section of consumers, Mastercard continues to make steady strides in fostering a robust cashless economy across the Middle East and Africa region, as well as globally.