Soneri Bank, MasterCard launch ‘World Debit Card’

Soneri Bank Limited, one of Pakistan’s leading private commercial banks, and MasterCard, a leading technology company in the global payments industry, announced the launch of ‘World Debit Card and FalconPay’ services for the bank’s customers.

‘World Debit Card’ is one of the most prestigious offerings amongst the category of cards with numerous benefits. Ideal for those who travel worldwide, the card offers access to customers to VIP lounges internationally, complimentary services at world-class hotels, and accidental and health coverage, in addition to many other benefits.

FalconPay (powered by MasterCard) is a mobile financial services platform provided by Inov8. It will allow Soneri Bank to target new market segments within its mobile banking platform, while also creating accessible digital channels for the bank to leverage its conventional branch banking, by creating a distribution channel, which is more or less as effective as that of the other players of branchless banking.

The occasion was graced by Yaseen Anwar, former governor of State Bank of Pakistan, Mohammad Aftab Manzoor, President and CEO, Soneri Bank Ltd, Amin Feerasta, Chief Operating Officer, Soneri Bank Ltd, Ahmed Saqib Asad, Chief Information Officer, Soneri Bank Ltd, Khalid Elgibali, Division President, Middle East and North Africa, MasterCard, Aurangzaib Khan, Area Head Pakistan & Afghanistan, MasterCard, Hasnain Sheikh, Chairman & Co-CEO, Inov8 Ltd, and others.

Former SBP Governor Yaseen Anwar and a Inov8 official said, “Partnering with Inov8 would lead to many strategic benefits to Soneri Bank, which is one of the pioneering banks globally in QR payments.”

Soneri Bank President and CEO Mohammad Aftab Manzoor said, “World Debit Card will provide consumers with a host of features and benefits. It is also equipped with the latest technology, to ensure safe and secure transactions.” He also added that signing the MOU for QR payments on the FalconPay platform would become the future of payments.

Soneri Bank CEO Amin Feerasta said, “Soneri Bank has always been very focused on providing innovative services to its customers  and ‘World Debit Card’ would provide a number of prestigious benefits to the customers, with FalconPay adding more flexible options to the merchant retail payments via QR code, online payments and so on.”

MasterCard Area Head for Pakistan & Afghanistan Aurangzaib Khan said, “MasterCard’s solutions will make everyday transactions easier and more secure for customers of Soneri Bank. He said, ‘We are committed to leveraging the power of our industry-leading solutions to drive the use of electronic payments in Pakistan.”