Bank Alfalah and Unionpay International have consented to an arrangement to issue charge cards in Pakistan. Under this understanding, Bank Alfalah will issue numerous classifications of check cards crosswise over various client portions beginning with branchless banking. Unionpay International backings 5 billion credit and charge cards all inclusive, crosswise over different client fragments. Using Unionpay’s worldwide experience and Bank Alfalah’s nearby aptitude, both associations will cooperate to create and dispatch imaginative, secure and generally acknowledged installment items and administrations in Pakistan.
Talking at the event, Mr. Shuan Ghaidan, Director of Products, UnionPay International said, “This association in the middle of UnionPay and Bank Alfalah has further supported the ties in the middle of China and Pakistan. This new offering of Branchless Banking Product mirrors the dedication to finding imaginative approaches to meet the advancing installment needs and is setting patterns in Pakistan computerized installment scene. Notwithstanding the installment space, both associations are additionally centered on empowering the Trade and B2B Transactions between the two nations”
These debit cards will be accepted at all ATMs and POS machines in Pakistan and globally at Unionpay’s fast growing network. With the trade relations between Pakistan and China on the rise, availability of Unionpay products in Pakistan will help in facilitating cross border transactions between the two countries and further solidifying relations between the two.
In the past, Bank Alfalah signed an agreement with Unionpay to accept their cards at the Bank’s POS network in Pakistan.