Bank Alfalah and UnionPay UPI Cards at POS Terminals in Pakistan

Bank Alfalah and UnionPay International Launch Acceptance of UPI Cards at Bank Alfalah’s Widespread Network of POS Terminals in Pakistan  

  

Jul 1, 2013, Pakistan: Bank Alfalah, which is the largest acquirer of plastics in Pakistan and UnionPay International have launched the acceptance of UnionPay Cards in Pakistan. Through this strategic alliance which further expands Bank Alfalah’s acquiring footprint, UnionPay customers can now seamlessly use their UPI cards at Bank Alfalah’s widespread network of Point of Sale terminals country-wide.

Bank Alfalah’s President and CEO Atif Bajwa said, “Through this enhanced distribution, we seek to offer greater access and convenience to UPIs global cardholders in Pakistan. This is just another step by the Bank towards creating an enabling payment ecosystem that offers added value and ‘transacting convenience’ to users to meet their day-to-day payment needs.” 

President –UnionPay International, Cai Jianbo said, “We are speeding up to expand our global acceptance network and UnionPay cards issuance overseas to improve our service for global cardholders. China and Pakistan are friendly neighbors. To cater for the momentum of increasing exchanges between the two countries, UnionPay International is accelerating the improvement of UnionPay card use environment in Pakistan through cooperation with local institutions. Bank Alfalah has strong local market advantage in Pakistan and we hope to provide high quality service to visitors and local resident cardholders by deepening cooperation with Bank Alfalah”.

Bank Alfalah which is owned and operated by the Abu Dhabi Group conducts business through a network of 471 branches across 163 cities in Pakistan. Union Pay, which was founded in 2002, is a bankcard association with headquarters in Shanghai, China, with nearly 400 Member banks around the world.