Sampath Bank and Mastercard launch CPM member credit cards

Sampath Bank and global payments company Mastercard have jointly launched a credit card product tailored for employees of the Ceylon Petroleum Corporation (CPM), marking a new collaboration between the financial sector and the state utility.

The co-branded credit card offering is designed to provide CPM members with customized financial solutions and exclusive benefits. The partnership leverages Sampath Bank's domestic market presence and Mastercard's global payment network to deliver a comprehensive card product for the targeted membership base.

This initiative reflects the growing trend of financial institutions developing specialized credit products for large employer groups in Sri Lanka. Such arrangements typically offer members preferential rates, streamlined application processes, and employer-linked benefits.

The launch comes as Sri Lanka's banking sector continues to expand credit offerings across different customer segments following economic stabilization measures. Both institutions have positioned the partnership as part of their commitment to expanding financial inclusion and accessibility across key sectors of the economy.