Faysal Bank Limited recently launched the first ever Shariah-compliant Barkat UnionPay Debit Card in Pakistan. This launch furthers the Bank's aggressive growth strategy for its Barkat Islamic Banking, and makes it the only Islamic Banking platform globally, offering both VISA and UnionPay debit cards under Shariah principles.
UnionPay is one of the fastest growing payment technology companies in the world, with acceptance at over 1.7 million ATMs and 5 million POS terminals, in more than 125 countries. The card base of UnionPay is over 2.8 billion globally, which makes it one of the largest payment solutions in the world.
Faysal Bank is among the top 10 banks in Pakistan with over 260 branches in more than 70 cities and 264 ATMS nation-wide. The bank has rapidly grown its countrywide Barkat Islamic Banking network offering online banking services at more than 50 dedicated Islamic Banking branches, making it the 2nd largest network of dedicated Islamic Banking branches among conventional banks. In addition, key services can also be availed through Faysal Bank's over 205 online Conventional Banking branches.
On the occasion, President & CEO of Faysal Bank, Naved A. Khan commented: "This is a milestone in our mission to introduce innovative products in the Islamic Banking Division and to provide a comprehensive suite of Shariah-compliant financial services for specific customer needs while ensuring quality service at all times."-PR