Faysal Bank Launches Virtual Card
Daniyal Sohail Published October 18, 2017 | 05:45 PM
Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has become the first commercial bank to launch a virtual card in the country
KARACHI, (UrduPoint / Pakistan Point News - 18th Oct, 2017 ) :Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has become the first commercial bank to launch a virtual card in the country.
A statement here on Wednesday said that Faysal Bank's `Mobit Virtual Card' is a digital card that will allow secure e-Commerce purchases to meet the upcoming online payment needs even if you do not have any credit or debit card.
It pointed out that the Mobit Virtual Card is powered by MasterCard and works as a re-loadable and/or a one-time usage stored-value card which can be instantly generated by Faysal Bank customers through Mobit's internet Banking and can be used at all local and international online merchants/websites.
Fouad Farrukh, Head of Retail Banking, Faysal Bank stated that in line with continued commitment to offer customers with fast, convenient and state of the art payment solutions, the FBL has come up with the first commercial bank in Pakistan to launch a Virtual Card to facilitate online transactions for its customers.
Digital payments in Pakistan are consistently showing an upward trend and with the recent rapid growth in e-Commerce transactions, increasing number of our consumers are demanding more secure and convenient payment solutions, he added.
Innovative digital payment services like Mobit Virtual Card will play an important role in driving the country's digital payments and will help foster the development of our financial market, it was further stated.
He further added that Mobit Virtual Card is also an alternative for those customers who do not have a credit or debit card, or who are reluctant to use their credit or debit cards for online shopping.
Related Topics
Recent Stories
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
Pakistan, Qatar agree to further expand trade, investment ties
Sindh cabinet approves Rs177.5m to strengthen, mobilize various wings of police
Faisal Karim Kundi takes oath as new KP Governor
Azad Jammu and Kashmir Prime Minister Anwaar ul Haq Chaudhry seeks more vibrant ..
Tahaffuz Manzil Foster Home providing care & support to homeless children
PCB proposes April 7 -May 20 window; tweaks in rules for HBL PSL 2025
Field hospitals now operational across Punjab: Azma Bukhari
More Stories From Technology
-
European companies show interest in investing in Pakistan’s IT sector
8 hours ago -
Awais Leghari felicitates nation on launching of 1st lunar mission ‘ICUBE-Q’
1 day ago -
TECNO launches the new CAMON 30 Series in an extravagant Vogue Night.
2 days ago -
Vivo Launched Y100 Smartphone in Pakistan with Unique Color Changing Design and 80W FlashCharge
2 days ago -
Co-Working Center launched in Okara under PITB’s e-Earn program
4 days ago -
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartphone
4 days ago
-
Punjab govt decides to provide free internet to schools across province
7 days ago -
TECNO CAMON 30 Series set to launch at a grand fashion show in Karachi
7 days ago -
Record growth being witnessed in IT exports due to SIFC’s efforts
7 days ago -
PITB HR Wing organizes Eid Milan celebration for children at PITB Day Care Center located in ASTP
8 days ago -
SONY x TECNO - is this for real?
8 days ago -
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
11 days ago