Bank Alfalah, Pakistan’s largest issuer and acquirer of credit cards, has launched chip and pin cards in Pakistan.
Go deeper with GlobalData
The Pakistani bank, owned and operated by the Abu Dhabi Group said the launch of chip and pin cards was the first step in creating a card payments ecosystem.
Bank Alfalah has introduced chip and pin cards for new customers and will carry out a rolling re-issuing exercise, spanning over a year, in order to convert existing customers’ to the new standard.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCustomers are increasingly demanding safer, quicker and more sophisticated payments solutions.
Bank Alfalah has an international presence in Bangladesh, Afghanistan, Bahrain and the UAE and its branch network spans over 574 branches across 196 cities.
This new launch follows the partnership developed between Bank Alfalah and UnionPay International in 2013 to accept UnionPay cards in Pakistan and can be seen as a new part of the bank strategy’s for growth.
Related articles:
Easypaisa mobile account ATM cards launched in Pakistan
Easypaisa introduces new ATM cards in Pakistan: Reports
Al Baraka Bank, Euronet Pakistan partner to launch UnionPay debit cards
