close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
 
August 14, 2020

Mastercard partners with FBL

Business

 
August 14, 2020

KARACHI: Mastercard has expanded its existing strong partnership with Faysal Bank through an agreement that will further support the digitisation of the payments infrastructure and accelerate the growth of digital transactions in Pakistan – a focus area, which has the potential to boost Pakistan’s GDP by up to 7 percent according to McKinsey Consulting, a statement said on Thursday.

Mastercard already had credit issuance with Faysal Bank in place and with the recent agreement, the bank can also issue Mastercard debit cards and enable

Mastercard QR on the Faysal Bank digital app, it added.

Additionally, Mastercard will bring virtual cards to Pakistan, helping provide additional peace of mind to online shopping. Faysal Bank will help enable this functionality for other banks across the country, it said.