Faysal Bank Launches Virtual Card

Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has become the first commercial bank to launch a virtual card in the country

KARACHI, (UrduPoint / Pakistan Point News - 18th Oct, 2017 ) :Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has become the first commercial bank to launch a virtual card in the country.

A statement here on Wednesday said that Faysal Bank's `Mobit Virtual Card' is a digital card that will allow secure e-Commerce purchases to meet the upcoming online payment needs even if you do not have any credit or debit card.

It pointed out that the Mobit Virtual Card is powered by MasterCard and works as a re-loadable and/or a one-time usage stored-value card which can be instantly generated by Faysal Bank customers through Mobit's internet Banking and can be used at all local and international online merchants/websites.

Fouad Farrukh, Head of Retail Banking, Faysal Bank stated that in line with continued commitment to offer customers with fast, convenient and state of the art payment solutions, the FBL has come up with the first commercial bank in Pakistan to launch a Virtual Card to facilitate online transactions for its customers.

Digital payments in Pakistan are consistently showing an upward trend and with the recent rapid growth in e-Commerce transactions, increasing number of our consumers are demanding more secure and convenient payment solutions, he added.

Innovative digital payment services like Mobit Virtual Card will play an important role in driving the country's digital payments and will help foster the development of our financial market, it was further stated.

He further added that Mobit Virtual Card is also an alternative for those customers who do not have a credit or debit card, or who are reluctant to use their credit or debit cards for online shopping.