PBL, Mastercard seal 5-year deal to boost financial inclusion

Prudential Bank Limited (PBL) and Master­card Asia/Pacific Pte Limited have signed a Custom­er Business Agreement (CBA) that will see Mastercard provide sales, marketing, advisory and capacity building support to the Bank over a five-year period.

The agreement, which is valued at over USD 420,000, comes on the heels of the recent launch of two PBL Mastercard debit cards – Classic and Busi­ness.

The CBA is expected to bolster PBL’s efforts to deep­ening financial inclusion and promoting cashless transactions for its customers, especially in the issuance and acquiring of various Mastercard’s products, such as pre-paid, commercial and consumer debit Mastercard.

Speaking at event, the Man­aging Director, PBL, Mr Bernard Appiah Gyebi, expressed delight about the collaboration.

He said the partnership would go a long way to solidify the re­lationship between the two com­panies, adding that, “This is yet another step towards fulfiling the Bank’s core values of providing our customers the best and most rewarding banking services”.

“Prudential Bank has built an impressive array of digital products and services and we are excited to partner with Master­card to accelerate our growth and expand access to financial services,” Mr Gyebi said.

The Area Head in charge of West Africa, Mrs Ebehijie Momoh, reiterated Mastercard’s commitment to providing best-in-class card solutions aligned with PBL’s vision of offering the most remunerative banking services to the public.

Mr Leopold Armah, Head, Digital Transformation (DT), also stated that it had been a pleasure working with Mastercard over the past few months.

He indicated that PBL was looking at driving the adoption of the Bank’s digital services very aggressively, adding that “this strategic partnership will help develop a comprehensive range of services to augment existing services and importantly induce growth within the Cards, PoS and Web Acquiring space”.


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