Qatar

Commercial Bank has received three awards from Mastercard in recognition of its premium card offering, including its performance in Mastercard World Elite card spending, its card design and its affluent banking strategy.

The awards relate to the bank’s Limited Edition Mastercard World Elite portfolio, which Commercial Bank says is designed for its affluent customer segment. The recognition covers premium banking, payment innovation and engagement with affluent consumers.

Commercial Bank was recognised for the highest spend per Mastercard World Elite card. Group CEO Stephen Moss said the bank had received that recognition across the region for a third consecutive year.

“We are honoured to accept these three prestigious awards from Mastercard. Being recognised for the highest spend per card account across the region for the third consecutive year is particularly rewarding,” Moss said. He added that the awards reflected the work of the bank’s teams and its longstanding collaboration with Mastercard in premium banking and payments.

The bank also received the Card Design Excellence Award for its Limited Edition Mastercard World Elite Gold Metal card. Commercial Bank said the card features a fully engraved gold aesthetic, combining premium materials and technical payment functionality.

A third honour, the Affluent Banking Excellence Award, recognised Commercial Bank’s continued investment in developing its premium card portfolio.

Shahnawaz Rashid, executive general manager and head of Retail Banking at Commercial Bank, said the awards supported the bank’s strategy of providing market-leading products to its most valued customers.

“Our Limited Edition Mastercard World Elite portfolio has been carefully curated to combine elevated benefits, exclusive lifestyle experiences, and distinctive card design, resonating strongly with high net-worth individuals,” Rashid said. He said the bank looked forward to developing further differentiated offerings with Mastercard.

Mark Elliott, division president for East Arabia at Mastercard, said the two organisations shared a commitment to innovation and consumer value. He said the awards recognised Commercial Bank’s role in shaping the country’s affluent banking segment and cited the response from premium customers to the Limited Edition Mastercard World Elite portfolio.

“We are proud of the collaboration that has brought the Limited Edition Mastercard World Elite card portfolio to life,” Elliott said, adding that Mastercard expected the partnership to deliver further milestones in the years ahead.