FBC Bank customers to get MasterCard products
Customers of Zimbabwe's FBC Bank are to gain access to a range of MasterCard products as a result of a new partnership between the lender and MasterCard Worldwide.Account holders will have the option of debit, credit and prepaid cards that feature the bank's branding in a move FBC says will improve security and convenience, the Herald reports.
Retail Banking and E-commerce Executive Director at the firm Mr Agrippa Mugwagwa said all new customers will be issued with MasterCard cards, while existing clients will see their current cards exchanged for the new products.
The move marks the first time that prepaid MasterCard offerings have been available in Zimbabwe and Mr Mugwagwa said the bank is "making major strides in expanding the local issuance of payment cards as a viable alternative to cash and cheques".
FBC, which is based in Harare, operates eight branches across Zimbabwe, the majority of which are located in the nation's capital.