MasterCard International and Punjab National Bank (PNB), one of the leading nationalized banks of India with over 36 million customers and 4500 branches, have announced the introduction of a new joint debit programme – the PNB MasterCard® Debit Card.
The launch of the signature-based debit card with PNB reinforces MasterCard’s commitment to offer its member financial institutions, as well as cardholders, the latest in product innovation.
The PNB MasterCard® Debit Card can be used for all electronic transactions, thereby ensuring high levels of security for the cardholder as well as the merchant. The card can be accepted at over 120,000 merchant establishments as well as 25,000 ATMs across the country, not to mention over 1.1 million ATMs worldwide and MasterCard’s 24 million merchant locations.
Shri C. P. Swarankar, Executive Director, PNB, said, “As a bank, it is our constant endeavour to offer the widest possible range of products and services which satisfy the requirements of our different customer groups. The launch of this new debit card with MasterCard is a step in this direction. I am sure our customers will see immense benefit in this innovative product.”
Mr. Nitin Gupta, country general manager, South Asia, MasterCard International, was enthusiastic at the launch. He said, “The launch of the PNB MasterCard® Debit Card is in line with our efforts to constantly offer innovative payment solutions to our member financial institutions and cardholders”.
“This signature-based debit card with its unique features is fast emerging as the preferred debit card by our member banks. We are confident that this launch will go a long way in providing PNB’s customers with secure and convenient electronic access to their own money anytime, anywhere. We are glad to have further strengthened our relationship with Punjab National Bank with this launch,” Mr Gupta added.
PNB is a bank with great vision, with its foundation lay during the Indian freedom struggle, carrying the vision of the legendaries like Lala Lajpat Rai, Sardar Majithia and many more. Today, with vast experience of 112 years in Banking, the bank has always stood high in the financial industry in the country. The Bank has been a leader in the modernization initiatives in the Banking industry. It offers its customers 1800 Core Banking Solution outlets in 429 centres in the country. The Bank has 610 ATMs spread across the country and is also offering more than 15,13,000 cardholders access to more than 25,000 ATMs through its various shared ATM networks namely MITR, National Financial Switch, SBI-Group network and MasterCard network in the country.
About MasterCard International:
MasterCard Incorporated is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard, through its principal operating subsidiary, MasterCard International Incorporated, manages a family of well-known, widely accepted payment card brands including MasterCard®, Maestro® and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning PricelessR advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com or refer to the filings of MasterCard Incorporated with the U.S. Securities and Exchange Commission.
