Mastercard and The Bank of Punjab (BOP) have agreed to expand their strategic partnership to accelerate digital transformation and cashless payments across Pakistan.
Senior executives from both organizations met in Karachi to reaffirm the alliance, focusing on enhancing digital service delivery and broadening internet access in the Punjab province.
This move complements broader financial inclusion initiatives in the area, including a $70 million financing package approved by the World Bank to support digital service delivery and broadband expansion.
The collaboration aims to support the region's shift toward a cashless economy by improving the underlying digital infrastructure.
This move complements broader financial inclusion initiatives in the area, including a $70 million financing package approved by the World Bank to support digital service delivery and broadband expansion.
For Mastercard, the deal reinforces its footprint in South Asia's growing digital payments market.
By partnering with a major state-owned bank like BOP, the payment network can leverage existing banking channels to reach underserved populations and drive transaction volume growth in a region where digital adoption is accelerating.