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Meezan Bank & Mastercard Launch Pakistan’s First Contactless Payment Solution

March 27th, 2017

Meezan Bank, the first and largest Islamic bank of Pakistan, in partnership with Mastercard, a leading company in the global payments industry, recently announced the launch of Pakistan’s first contactless card solution – an innovative product that has been developed to further strengthen the country’s digital payment eco-system.

Meezan Bank’s new contactless Debit Card, powered by Mastercard will enable customers to make payments by simply tapping their cards and entering their PIN upon checkout –eliminating the need to swipe their cards at payment terminals.

Commenting on the launch, Mr. Ariful Islam, Deputy CEO – Meezan Bank 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.”

“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 favorite activities,” said Mr. Aurangzaib Khan, Country Manager, Pakistan and Afghanistan, Mastercard.

Meezan Bank & Mastercard

Mr. Ariful Islam, Deputy CEO – Meezan Bank and Aurangzaib Khan, Country Manager, Pakistan and Afghanistan, Mastercard at the signing ceremony, alongwith their teams.

About Mastercard:

Mastercard (NYSE: MA), www.mastercard.com,is a technology company in the global payments industry.  We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.  Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.  Follow us on Twitter @MastercardMEA and @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on theMEA Engagement Bureau.

 

Mastercard Communications Contact
Omar Abuhanoud, +971 4 563 8603
omar.abuhanoud@mastercard.com