KARACHI: Meezan Bank, in partnership with MasterCard, has recently
announced Pakistan’s first contactless card solution – an innovative product
that has been developed to further strengthen the country’s digital payment
ecosystem, a statement said on Monday.
Meezan
Bank’s new contactless debit card, powered by MasterCard will enable customers
to make payments by simply tapping their cards and entering their PIN upon
checkout, eliminating the need to swipe their cards at the payment terminals,
it added.
“Our
existing debit cards will be upgraded to a more convenient and safer payment
solution equipped with the latest technology, which provides more effective
protection against card cloning and skimming,” said Ariful Islam, deputy chief
executive officer at Meezan Bank, at the launch of the product.
“Launching
the country’s first contactless payment solution in collaboration with the
Meezan Bank comes as part of our commitment to actively contribute to
Pakistan’s cashless ecosystem, with a sharp focus on enhancing the safety and
security of transactions for our cardholders,” Aurangzaib Khan, country manager
of Pakistan and Afghanistan at MasterCard, said.
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