LONDON: Equals Group PLC, the e-banking and international payments group, has entered into a new 5-year agreement with Mastercard.

Under the deal, Mastercard will provide assistance to Equals to grow its various card-based businesses through improved economic terms based on transaction volumes and also assist in the process of Equals becoming an issuer of all its cards.

Ian Strafford-Taylor, Equals Group CEO, commented: “We are delighted to have signed a new long-term deal with Mastercard. We have been a Mastercard-affiliated Company for many years but this deal further cements our relationship and the closer ties and improved economics will enable Equals to accelerate its growth prospects in all areas of its business.”

Edited by Nayyar Iqbal