Bank Alfalah and UnionPay International to introduce co-badge PayPak debit
cards
Bank Alfalah Limited, one of Pakistan’s leading commercial banks will work
together with UnionPay International (UPI) to introduce co-badge PayPak debit
cards. This launch marks the industry’s first UnionPay co-badge platinum debit
card, offering customers exceptional value and access to exclusive
international privileges across 183 countries and regions through UnionPay’s
extensive global network.
The agreement was formalized during a signing ceremony in Istanbul, Turkey,
with Atif Bajwa, President and CEO of Bank Alfalah, and James Yang, General
Manager of UnionPay International, leading the signing.
Read More Chikoo
and Bank Alfalah unveil revolutionary POS payment device partnership
Also present were Mehreen Ahmed, Group Head of Retail Banking; Syed Muhammad
Asif, Head of Consumer Finance; Muhammad Qasim Rashid, Head of Unsecured
Products; and Abid Malik, Head of Unsecured Product Management from Bank
Alfalah. Representing UnionPay International were Nadeem Haroon, Country
Manager for Pakistan, and Ali Abbas, Business Development Manager.
Mehreen Ahmed of Bank Alfalah expressed enthusiasm about the partnership:
“We are thrilled to partner with UnionPay International to offer PayPak
co-badge debit cards. This collaboration enables our cardholders to perform
international transactions seamlessly. The introduction of the UPI/PayPak
co-badge Platinum Debit Card sets a new standard in the industry, providing our
customers with enhanced convenience and financial freedom.”
Read More Bank
Alfalah Limited and J.P. Morgan join hands to introduce inward remittance
service in Pakistan
James Yang from UnionPay International added, “This partnership with Bank
Alfalah is a significant milestone in our efforts to increase financial
accessibility and convenience for consumers. The UPI/PayPak co-badge Platinum
Debit Card will facilitate smooth international transactions, bringing global
financial services closer to our customers in Pakistan. We look forward to
working closely with Bank Alfalah to provide innovative solutions that meet the
evolving needs of the market.”
The State Bank of Pakistan (SBP) supports the introduction of co-badge cards
and views this partnership as a step towards expanding product offerings and
enhancing customer experience. By utilizing UnionPay’s extensive global payment
network, Bank Alfalah aims to provide its customers with greater financial
flexibility and access to a broad range of international services, reinforcing
its leadership in the financial services sector.
Source: Pro Pakistani