The Bank of Punjab (BOP) has teamed up with MasterCard to issue a debit card service to its customers.
The bank said it is the first in its native Pakistan to choose MasterCard debit issuance over 1link, the country’s largest inter-bank payment system provider.
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BOP’s first branded debit card, according to the bank it presents customers with a range of benefits including global acceptance and high-level security.
The debit card will be accepted at all of MasterCard’s 36m points of sale and ATMs world-wide.
The announcement followed news from BOP of the launch of ‘BOP Solar’ a new financing scheme aimed at encouraging the use of alternative energy sources.
Available throughout Pakistan’s major cities, the scheme allows financing of up to PKR5m ($82,000) to be repaid over one to seven years.
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By GlobalDataBOP said: This is a pioneer product and it is expected to be a trendsetter for the industry.’
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