Bank Alfalah issues country’s first
Discount Debit Card
KARACHI: Bank Alfalah has entered into
partnership with a prominent e-commerce website for issuance of Pakistan’s
first ever discount debit card.
The agreement was signed
by Amaar Naveed Ikhlas of Bank Alfalah and Fahad Mehmood of Lootlo.pk here
at a local hotel.
Under the agreement, Bank
Alfalah will enable Lootlo.pk to
offer real-time offline discounts through the “Go Lootlo Wallet” discount debit
cards, a first-of-its-kind initiative in Pakistan.
Lootlo.pk is
one of Pakistan’s oldest discount deals website providing discounted online
shopping since July 2013.
It offers a wide range of
discounted merchandise and services including restaurants, salons, hospitals,
car services and products like clothing, footwear etc.
Through these debit cards,
customers can avail discounts at over 500 retailers with over 2,000 outlets all
over Pakistan.
With Union Pay
International being the exclusive Payment Gateway Partner, “Go Lootlo” debit
cards will be accepted all over Pakistan and internationally, including over 30
special discounts available in Dubai alone.
Another great advantage of
the “Go Lootlo Wallet” is it offers free Personal Accident Insurance to all
cardholders with no minimum deposit condition, a service for which conventional
banks require customers to have a minimum deposit or balance maintenance
conditions.
Moreover, the “Go Lootlo”
cardholders enjoy the additional benefits of Free Personal Accident Insurance
including Accidental Death of Rs. 200,000, Permanent Disability/Temporary
Disability of Rs. 200,000 and Accidental Hospitalization benefits of Rs.
30,000.
Providing added ease and
convenience to the customers, the cards can be topped-up at any of the Bank
Alfalah branches or agents spread
across the country or “Go
Lootlo” branches or agents nationwide.
Commenting on the
development, Amaar Naveed Ikhlas of Bank Alfalah said the partnership will set
higher precedent through innovative and value-added products and services for
e-commerce customers.
Fahad Mehmood of Lootlo.pk was
confident that the partnership will go a long way in ushering ease and access
to the mutual customers of the two partners besides inspiring customer loyalty
and credibility towards financial inclusion and e-commerce in Pakistan.
Bank Alfalah manages a
leading-edge digital ecosystem of a host of digital products and services to
promote digital technology in Pakistan. It lends its products and services to
various banking and financial players to cater to the needs of Pakistani
customers.
Copyright
APP (Associated Press of Pakistan), 2017
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