STAFF REPORT KHI: Faysal Bank, which is among the top 10 banks in Pakistan with over 260 branches in more than 70 cities, has launched the first ever UnionPay Debit Card in the country.

UnionPay is one of the fastest growing payments technology companies in the world. Its cards are accepted at over 1.7 million ATMs and 5 million POS terminals in more than 125 countries. It has a card base of over 2.8 billion globally, which makes it one of the largest payment schemes in the world.

Naved A. Khan, President and CEO, Faysal Bank, and Larry Wang, President UnionPay International, along with other senior officials of both sides were present at the launch.  The occasion was graced by Kazi Abdul Muktadir, Deputy Governor, State Bank of Pakistan, and Zhang Jianxin, Chinese Consul General.

“I am extremely pleased that Pakistan is the first country in the region to issue UnionPay Cards, and Faysal Bank is the first bank in Pakistan to offer UnionPay services to its customers.” Naved Khan said on the occasion.

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