ISLAMABAD – Bank of Punjab (BOP), one of the country’s leading financial institutions, with a network of 664 branches and 655 ATMs across Pakistan, has signed an agreement with Mastercard, an industry-leading technology company world of payments. Thanks to this partnership, the bank’s customers in the region and around the world will benefit from a new range of electronic payment products.
The deal will see BOP issue Mastercard debit and credit cards to its customers and enable point-of-sale (POS) and e-commerce acquiring, using Mastercard’s industry-leading Mastercard Payment Gateway Services platform. .
BOP representatives attended the signing ceremony including Zahid Mustafa – Group Chief, Consumer & Digital Banking, Asim Qureshi – Head Cards, Syed Shahzad Shahid – Head of Digital Banking and Rai Usman Mujahid – Head of Customer. From Mastercard, the event was attended by JK Khalil – Country General Manager for MENA East and Nabeel Ahmad – Director of Business Development, Pakistan.
Addressing the participants, Mr. Zahid Mustafa said, “Cards and payments are essential parts of our digital banking strategy to provide ease and convenience to our customers. We have developed a strong value proposition for our cards with the help of Mastercard, as we seek to deliver value to our customers with every transaction. We bring learning from international markets to Pakistan and the partnership with Mastercard plays a pivotal role in digitizing retail, as well as government initiatives.
Speaking on behalf of Mastercard, Mr. JK Khalil said, “Pakistan is rapidly embracing digital payments and the endless opportunities it brings to people and communities. We are delighted to deepen our longstanding partnership with Bank of Punjab with this milestone launch. Together, we are committed to delivering world-class payment solutions to support the country’s digital transformation ambitions. »