In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has entered into a strategic partnership with Mastercard, a global leader in payment technology, and 1LINK, Pakistan’s leading domestic payment switch.

The Memorandum of Understanding (MoU) was signed between Faysal Bank, Mastercard, and 1LINK to drive digital transformation and deliver cutting-edge payment solutions across Pakistan.

The signing ceremony took place at Faysal Bank’s Head Office in Karachi, with key representatives in attendance, including Mr. Yousaf Hussain, President and CEO of FBL; Mr. Aneeq Malik, Group Head of Consumer Finance at FBL; Mr. J.K. Khalil, Executive Vice President and Divisional President of MasterCard; Mr. Arslan Khan, Country Manager of Pakistan at MasterCard; and Mr. Najeeb Agrawalla, CEO of 1LINK, among other senior executives.

This collaboration will introduce the innovative PayPak – Mastercard co-badged debit card, providing consumers unparalleled convenience, security, and flexibility, allowing seamless transactions both within Pakistan and internationally.

Faysal Bank account holders will access domestic and international payment systems, ensuring smooth and secure transactions at home or abroad.

This initiative emphasizes Faysal Bank’s commitment to innovation, customer-centric solutions, and advancing Pakistan’s digital financial ecosystem.

The strategic collaboration between Faysal Bank Limited, Mastercard, and 1LINK reflects a shared vision of enhancing Pakistan’s digital payment ecosystem by leveraging cutting-edge technology and strategic alliances.