Mastercard enters into debit card deal with HSBC subsidiary

First Direct’s customers will get enhanced digital benefits

Mastercard

Mastercard enters into debit card deal with HSBC subsidiary. Source: shutterstock.com

Mastercard has agreed to provide First Direct’s customers with debit cards from the next year.

This way, First Direct’s customers will be provided with card controls and functionality, as well as a new rewards and loyalty program.

The report states that new to bank customers will begin receiving Mastercard debit cards in Q1 2021. As to the existing, they will be migrated gradually during the course of 2021.

We are excited to be working with First Direct to bring new and customer-centric functionality to their 1.6 million debit cards. For us, this partnership is further proof that Mastercard’s debit card solutions offer all the flexibility, security, and convenience banks and their cardholders require in today’s digital age, and we welcome First Direct to the expanding list of innovative banks choosing to issue debit Mastercard in the UK
Kelly Devine, UK and Ireland Division President, Mastercard

We’ve reported that American Express will acquire nearly all of Kabbage, a fintech company providing cash flow management solutions to small businesses in the US.

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