HBL launches UnionPay cards

Acquiring international cards for usage on ATM network.

KARACHI: Habib Bank Limited (HBL), Pakistan’s largest bank, has initiated acquiring of international UnionPay cards for usage on its ATM network. The development was jointly announced by China UnionPay Chairman Su Ning and HBL President and CEO Nauman K Dar at a ceremony held at HBL Plaza in Karachi.

Speaking on the occasion Dar said: “HBL continually strives towards providing innovative financial solutions. This alliance ties in with our mission to create strong value for our customers”

HBL boasts Pakistan’s largest branch and ATM networks.

UnionPay International has about 400 domestic and overseas associate members. It has acceptance in 135 countries; with over 3.4 billion cards issued globally. UnionPay is one of the largest payment technology companies in the world. In November 2012, HBL joined the advisory board of UnionPay International as a founder member. The bank views the launch of UnionPay cards as a significant step towards growing the payment services segment in Pakistan.

Addressing the media, Su Ning deeply appreciated HBL’s efforts and said: “This alliance will positively reinforce Pak-China trade relationship and facilitate Pakistan’s payment industry immensely.”

Published in The Express Tribune, January 25^th, 2013.