Mastercard partners with FBL
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.
-
Worst Cricket Moments That Shocked The Game -
Prince Harry, Meghan Markle Reach A Crossroads: ‘You Could Lose Everything’ -
F1 Title Race: Who Will Win 2026 Drivers’ And Constructors’ Championships? -
New Observatory Sends 800,000 Asteroid Alerts In One Night -
Cher’s Son Elijah Blue Allman Apprehended On Two Counts Of Assault At Elite Prep School -
Beatrice, Eugenie Now Face Andrew, Sarah's ‘nightmares’: 'They're Hugely Conflicted' -
X Debuts Topic Filtering To Help Users Shape Their ‘For You’ Recommendations -
Scientists Built World's First Computer That Learns Like Human Brain -
Robert Carradine’s Daughter Makes Bombshell Confession As Actor's Death Cause Confirmed -
Beatrice, Eugenie Put On Blast: ‘Only Nitwits Wouldn’t See An Association With A Pedophile As Toxic’ -
OpenAI Defies Industry Pressure, Secures Guardrails Under New US Defense Department Pact -
'Sinners' Delroy Lindo Breaks Silence On BAFTA's Tourette’s Incident At NAACP Image Awards -
Billy Joel Admits Cancelling Of Tour Due To Brain Disorder 'sounds A Lot Worse' Than It Is -
US And Israeli Strikes On Iran: Everything You Need To Know -
US Strikes On Iran Ignite Emergency Push For Powers Legislation: Report -
Kelly Osbourne's Mom Sharon Receives 'shut Up' Call Accepting An Award For Late Hubby?