HBL Launches UnionPay Cards

Karachi: January 24, 2013, Habib Bank Limited (HBL), Pakistan’s largest bank, has initiated acquiring of international UnionPay Cards for usage on its ATM network. This was jointly announced by Chairman China UnionPay Mr. Su Ning and HBL President and CEO Mr. Nauman K Dar at a ceremony held at HBL Plaza in Karachi. Also present at the occasion were senior executives of both organizations.

Speaking on the occasion Mr. Dar said, “As Pakistan’s largest bank 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. The bank is on a strong growth trajectory. Last year HBL crossed the milestone figure of PKR 1 trillion in domestic deposits becoming Pakistan’s first bank to record this achievement.

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, Mr. 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.”