Mastercard named as the ‘Most Valuable Payment Partner’ of 2021 by Daraz
Colombo – December 21, 2021 – Mastercard was recognized as the ‘Most Valuable Payment Partner’ by Daraz, Sri Lanka’s largest online shopping platform for generating ‘Highest Overall Payment Volume’; ‘Highest Overall Transaction Volume’; and ‘Highest Total Payment Volume’, during the Daraz Payment Partner Performance Awards 2021. The award recognizes the exceptional value delivered to Daraz by Mastercard, by generating the highest payment volume by both credit and debit card bases for Daraz during the year.
During the year, Mastercard cardholders received the highest discounts while shopping on Daraz, even during sales and promotions, thereby providing the utmost value to consumers. Furthermore, with the help of Mastercard’s extensive network, the exciting shopping offers and discounts reached the maximum possible cardholders, helping Daraz achieve its sales and business goals.
“Mastercard is delighted to be chosen as Daraz’s most valuable payment partner 2021. At Mastercard, we are committed towards the convenience of cardholders by offering them the choice, flexibility, confidence. This recognition is a testament to our vision to accelerate the pace of digital adoption and to deliver priceless experiences to Mastercard cardholders”, said Sandun Hapugoda, Country Manager for Sri Lanka & Maldives, Mastercard.
Commenting on the award, Rakhil Fernando, Country Manager Daraz said, “Being South Asia’s premier online shopping marketplace, it is imperative that we have trusted partners such as Mastercard, that provide the latest in terms of digital payment technology. We have had a fruitful partnership with Mastercard and are pleased with the results we have seen thus far, so we look forward to this partnership growing to greater heights in the future.”
In 2020, Mastercard collaborated with Daraz to offer its Mastercard Payment Gateway Services to help Daraz integrate global and local payment methods, mitigate risk and reduce costs that encouraged the use of e-commerce platforms and digital payments in Sri Lanka, thus creating greater digital inclusivity and contributing to the local digital economy. As part of the collaboration, shoppers were offered additional discounts and privileges on Daraz when paying with their Mastercard credit or debit cards issued in Sri Lanka, over and above the already offered discounts on products.