UK-based Virgin Money has entered a long-term agreement to issue contactless-enabled MasterCard debit cards to the bank’s growing customer base.
Virgin Money has entered the UK current account market, supported by a vision to make banking better. And with access to MasterCard’s technology and expertise, the deal will also position Virgin Money well in terms of digital and mobile payments innovation.
MasterCard has developed a strong proposition and track record of working with challenger banks and new entrants to the banking sector to add to the choice and competition available to customers. The new agreement between MasterCard and Virgin Money builds upon an existing relationship, which commenced in 2010 for the issue of credit cards.
Virgin Money provides savings, mortgages, credit cards, current accounts, pensions, investment and protection products.
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