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March 26, 2015

Bank Alfalah inks deal to issue American Express cards in Pakistan

Bank Alfalah, a Pakistan-based issuer and acquirer of credit cards, has inked an agreement with American Express (AmEx) under which it will exclusively issue the centurion line of AmEx cards and other products and services to consumers and corporates in Pakistan.

By Verdict Staff

Bank Alfalah, a Pakistan-based issuer and acquirer of credit cards, has inked an agreement with American Express (AmEx) under which it will exclusively issue the centurion line of AmEx cards and other products and services to consumers and corporates in Pakistan.

Under the agreement, both the companies will provide payment and travel /expense management solutions for individuals and businesses in Pakistan.

The partnership will also allow Bank Alfalah to acquire merchants to deliver a superior customer experience.

The agreement aims to strengthen both the firms’ presence across the country.

Bank Alfalah president and CEO Atif Bajwa said: "This partnership will help us provide industry-leading benefits, access to unique experiences, and global customer care to our customers.

American Express card services Asia president Y C Koh said: "The partnership with Bank Alfalah marks a major milestone for us and we look forward to a long and successful relationship.

"And, I am sure that Bank Alfalah’s local reach and power will help connect businesses in this market to over 100 million American Express Card Members around the world."

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