Pakistan-based Meezan Bank has introduced MasterCard-branded contactless debit card to further expand the digital payment eco-system in the country.
Touted to be the first contactless card solution in Pakistan, the new offering will allow the bank’s customers to transact by just tapping their cards and entering their PIN upon checkout, thereby eliminating the need of swiping their cards at payment terminals.
Go deeper with GlobalData
Meezan Bank deputy CEO Ariful Islam said: “Meezan Bank is pleased to be the first issuer in Pakistan to provide contactless payment solutions to its customers.
“Our existing debit cards will be upgraded to a more convenient and safer payment solution equipped with the latest technology, which provides more effective protection against card cloning and skimming.”
MasterCard country manager for Pakistan and Afghanistan Aurangzaib Khan said: “Launching the country’s first contactless payment solution in collaboration with Meezan Bank comes as part of our commitment to actively contribute to Pakistan’s cashless ecosystem, with a sharp focus on enhancing the safety and security of transactions for our cardholders.
“With a simple tap of their card, cardholders can now enjoy a simpler and faster way to pay, meaning less time at checkout counters and more time enjoying their favourite activities.”
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 GlobalData
