Bank Alfalah Limited, one of the largest commercial banks in Pakistan, is pleased to announce a strategic partnership with UnionPay International to issue PayPak co-badge debit cards in Pakistan. This is the industry’s first UnionPay co-badge platinum debit card, providing customers unparalleled value and access to a wide range of exclusive international privileges in 183 countries & regions through UnionPay’s extensive global payment network.
The signing ceremony occurred in Istanbul, Turkey, where Atif Bajwa, President and CEO of Bank Alfalah, and James Yang, General Manager of UnionPay International, signed the agreement.
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, all from Bank Alfalah, were in attendance. Joining them from UnionPay International were Nadeem Haroon, Country Manager for Pakistan, and Ali Abbas, Business Development Manager.
Mehreen Ahmed, Group Head of Retail Banking, at Bank Alfalah, expressed her vision about the partnership: “We are delighted to collaborate with UnionPay International to bring PayPak co-badge debit cards to our customers. This partnership opens doors for our cardholders to do international transactions globally. With the introduction of the UPI/PayPak co-badge Platinum Debit Card, we are setting a new benchmark in the industry, offering our customers greater convenience and financial freedom.”
James Yang, General Manager Middle East of UnionPay International, commented on the partnership: “This collaboration with Bank Alfalah represents a significant step forward in our mission to enhance financial accessibility and convenience for consumers. Introducing the UPI/PayPak co-badge Platinum Debit Card, which enables customers to enjoy seamless international transactions, bringing the world closer to our cardholders in Pakistan. We are committed to working closely with Bank Alfalah to deliver cutting-edge solutions that meet the market’s evolving needs.”
The State Bank of Pakistan (SBP) encourages Banks to introduce co-badge cards for cardholders. The partnership with UnionPay International highlights SBP’s vision and Bank Alfalah’s dedication to expanding its product offerings and enhancing customer experience. By leveraging UnionPay’s robust global payment network, Bank Alfalah aims to empower its customers with greater financial flexibility and access to a wide range of services beyond Pakistan’s borders, reinforcing the bank’s position as a leader in the financial services sector.
Assalamu Alaikum, how are you sir? You are a Muslim, that’s why I’m greeting you. Otherwise, none of your policies here are for Muslims in Pakistan. I have been paying installments for my car for three years. My car was stolen. I got it repoed. Now, if that car is sold to someone else, who will pay my money? You people pay your money. Your bank pays its losses. We pay for ATM money. We pay for withdrawals from checks. We pay for everything. But the client is not safe in any way. I want my car back. It’s the same car that I bought. MNC 19 396 Alto, new Alto model. I have paid for it for three years and I want to lease it again on installments. I want my car back. You people should think a little bit. I have paying him for three years. I have paid him 16 lakh rupees. You don’t even care that you people are Muslims. You are a Muslim. The property of another Muslim is forbidden. We give you money for everything. It is for your safety. It is for our safety. Our things should be sold. You people don’t even care what you are doing. You people don’t want to die. Where should you go? You people.
Azhar Hussain
03156146779
AL RAFAY TRADERS