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 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.
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 pleased 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”.