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 the Mastercard World debit card and FalconPay services for the bank’s customers.
Soneri 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 customers access 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 Mr. Yaseen Anwar, Former Governor of State Bank of Pakistan, Mr. Mohammad Aftab Manzoor, President and CEO, Soneri Bank Ltd., Mr. Amin Feerasta, Chief Operating Officer, Soneri Bank Ltd., Mr. Ahmed Saqib Asad, Chief Information Officer, Soneri Bank Ltd., Mr. Khalid Elgibali, Division President, Middle East and North Africa, Mastercard,
Mr. Aurangzaib Khan, Area Head Pakistan & Afghanistan, Mastercard, Mr. Hasnain Sheikh, Chairman & Co-CEO, Inov8 Ltd., and a number of other senior officials from Soneri Bank, Mastercard and Inov8.
Mr. Yaseen Anwar, Former Governor, SBP, and a Member of the Advisory Board, Inov8, said, “Partnering with Inov8 would lead to many strategic benefits to Soneri Bank, which is one of the pioneering banks globally in QR payments.”
Mr. Mohammad Aftab Manzoor, President and CEO, Soneri Bank, said,
“Soneri 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.
Mr. Amin Feerasta, Chief Operating Officer, Soneri Bank, said,
“Soneri Bank has always been very focused on providing innovative services to our customers; our Mobile Banking app is the newest addition to our ADC suite and World debit card issuance would provide a number of prestigious benefits to our customers, with FalconPay adding more flexible options to the merchant retail payments via QR code, online payments and so on.”
Mr. Aurangzaib Khan, Area Head – Pakistan & Afghanistan, Mastercard, said,
“Mastercard’s solutions will make everyday transactions easier and more secure for customers of Soneri Bank. As a leading technology company in the payments industry, Mastercard serves as a critical link that connects millions of consumers to businesses and banks all over the world, and we’re committed to leveraging the power of our industry-leading solutions to drive the use of electronic payments in Pakistan.”
