January 19, 2021: Meezan Bank, Pakistan’s first and largest Islamic Bank, has recently announced direct integration with global digital payments leader, Visa, for routing settlement of Visa card transactions.
The shift comes in continuation with its direct integration with Mastercard last year, bringing the Bank a step closer to its goal of transforming its customers’ payment experience, enabling faster and more seamless transactions. Meezan Debit Card users will continue to enjoy the Visa and Mastercard benefits while allowing the Bank to offer faster settlements and reducing friction in payments.
“Meezan Bank always endeavors to provide the best transaction experience to its customers. Direct integration with Global Payment Schemes not only allows us to remove an additional hop in transaction processing but also makes the detailed view of each transaction available to the Bank for more efficient management of the card portfolio. We are excited with this development and look forward to various other significant improvements in our IT infrastructure and platforms to support the growing business of the Bank,” said Mr. Shariq Mubeen – Head of Alternate Distribution Channels, Meezan Bank.