The Bank of Punjab (BOP) in collaboration with Pakistan Software Export Board (PSEB) and Mastercard launched the Mastercard Freelancer Digital Account and Card at a ceremony held on May 2nd, 2023. The launch came after the signing of a Memorandum of Understanding (MOU) between the parties to offer tailored banking services and solutions to PSEB-registered freelancers and Information Technology (IT) and Information Technology Enabled Services (ITes) professionals.
The Mastercard Freelancer Digital Account and Card is an innovative banking solution designed specifically for the needs of freelancers and IT and ITeS professionals. The solution offers a range of benefits including a fully digital account with no branch visits and minimal KYC requirements, instant issuance of PSEB co-branded debit and credit cards, loan facilities and auto enrollment into merchant accounts. The merchant solutions refer to instant invoice generation, next day payments and minimal charges.
This digital account service will be provided under BOP@Work, which will make freelancers and IT and ITeS professionals eligible for discounted offerings on auto finance, home loans, and personal finance.
