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Faysal Bank Becomes Pakistan’s First Commercial Bank To Launch A Virtual Card


Thursday, 19 Oct, 2017 :

Karachi, 19th October 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. 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.

Mobit Virtual Card is powered by MasterCard and works as a reloadable and / or aone-time usage stored-value card which can be instantly generated by Faysal Bank customers through Mobit’sInternet Banking and can be used at all local and international merchants / websites.

While expressing his delight at this launch Mr. Fouad Farrukh, Head of Retail Banking, Faysal Bank stated: “In line with our continued commitment to offer our customers with fast, convenient and state of the art payment solutions, we are proud to be the first commercial bank in Pakistan to launch a Virtual Card to facilitate online transactions for our customers. Digital payments in Pakistan are consistently showing an upward trend and with the recent rapid growth in eCommerce transactions, increasing number of our consumers are demanding more secure and convenient payment solutions. Innovative digital payment services like Mobit Virtual Card will play an important role in driving the country’s digital payments & will help foster the development of our financial market.”

He further added, “Mobit Virtual Card is also an excellent 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 due to risk of online data thefts and scams.”

About Faysal Bank Limited:

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a public Limited company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. The Pakistan Credit Rating Agency Limited (PACRA) and JCR-VIS Credit Rating Company Limited have determined the Bank’s long term rating as ‘AA’ and short term rating as ‘A1+’.

Faysal Bank’s footprint now spreads over more than 100 cities with over 383(including 176 Islamic) branches. With total assets in excess of PKR 444.5 billion,placing it amongst the significant players in Pakistan’s banking industry. Faysal Bank’s ambition is to provide par excellence service to its customers while meeting their financial needs.

Press contacts:
Communications Team
Faysal Bank Limited
111-747-747

To view the Press Release in Urdu Click Here

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